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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, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as decli ...
Wednesday, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...
Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.
&nb ...
Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts.
...
Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...
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- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
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