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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Planning Commission, India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
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