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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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Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Wednesday, 01 April 20
TRADERS SCRAMBLE TO SELL CHEAP CRUDE CARGOES AS GLUT GROWS - REUTERS
Oil traders across the globe are offering cargoes far in advance as rapidly vanishing demand drives key physical crude prices to multi-decade lows, ...
Wednesday, 01 April 20
MARKET INSIGHT - INTERMODAL
There is an old, allegedly Chinese, saying suggesting that living in “interesting” times usually refers to times of trouble. The latest ...
Tuesday, 31 March 20
FREIGHT MARKET: DRY BULKERS - SPOT MARKET 23-29 MARCH 2020
Capesize
The rebound in freight rates resumed this past week, with rates man-aging to post further gains by week’s end. The BCI is in negat ...
Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight ...
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- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
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