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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, 11 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.07 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points Monday, up 0.07 percent week on week.
The index, released by China ...
Wednesday, 11 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
On the 4th of September the Baltic Dry Index marked its highest level for 2019, reaching 2,518 points, while the rest of the dry indices also recor ...
Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the st ...
Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019. According to EIA's Shor ...
Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
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- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Australian Coal Association
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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