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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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Thursday, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
Thursday, 19 March 20
BIMCO REVISES 2020 FORECAST FOR MAIN SHIPPING MARKETS
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the fu ...
Thursday, 19 March 20
U.S. COAL EXPORTS DECLINED IN 2019 - EIA
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Informatio ...
Thursday, 19 March 20
SOUTH KOREA'S KOSPO INVITED BIDS FOR MIN 3,700 OR MIN 4,200 NCV LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO), has issued an international tender for total 160,000 MT (±10%) (80,000 x 2 Panamax) of ...
Wednesday, 18 March 20
DRY BULK: INDONESIAN COAL CARGOES PROVIDING A BIG BOOST IN THE EAST WHERE SENTIMENT FOR HANDIES ALSO STARTED IMPROVING - INTERMODAL
The BDI ended last week with small gains on the back of an encouraging number of cargoes out of key trading regions that helped sustain the reserve ...
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- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- The University of Queensland
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
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