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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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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- PowerSource Philippines DevCo
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- Electricity Generating Authority of Thailand
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- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
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- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
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- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- The University of Queensland
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Bhatia International Limited - India
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
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