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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, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...
Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...
Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...
Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
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