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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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Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coron ...
Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
Capesize
Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With mu ...
Saturday, 15 February 20
U.S. COAL PRODUCTION WILL TOTAL 595 MMST IN 2020, DOWN 14% FROM 2019 - EIA
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019.
Lower ...
Friday, 14 February 20
WHY THE WORLD ECONOMY WILL BE FACING CHINA'S CORONAVIRUS FOR A LONG TIME - CNBC
Everywhere we look we see the headlines and commentators talking about the coronavirus and its impact on tourism, trade and investment between Chin ...
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- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
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