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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, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
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- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Australian Coal Association
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
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