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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
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