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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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Tuesday, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
Tuesday, 24 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.28 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.74 points Monday, down 0.28 percent week on week.
The index, released by Chi ...
Monday, 23 March 20
CHARTERPARTY REQUIREMENTS TO NOTIFY CLAIMS - TAKE CARE! - WFW
KNOWLEDGE TO ELEVATE
Voyage charterparties frequently require the owner to notify any claim with supporting documents within a relatively shor ...
Monday, 23 March 20
COAL INDIA LIMITED'S ONE-DAY OUTPUT PEAKS AT 3.17 MT - THE HINDU
Coal India Limited (CIL) output peaked at a new high of 3.17 million tonnes (MT) on March 20, overtaking the 3.14 MT production recorded on March 2 ...
Monday, 23 March 20
KOMIPO INVITED BIDS FOR 1.45 MILLION TONS OF COAL FOR JUNE & JULY 2020 LOADING
COALspot.com: Korea Midland Power Co.,Ltd (KOMIPO), on behalf of five Korean Gencos, has issued an international tender for total 1,450,000 MT (&pl ...
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- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
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