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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, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- MS Steel International - UAE
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
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