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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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Friday, 02 March 18
ANGLO AMERICAN COMPLETES SALE OF ESKOM-TIED THERMAL COAL OPERATIONS IN SOUTH AFRICA
Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Afric ...
Friday, 02 March 18
MORE COAL INQUIRES FROM SOUTH AFRICA TO INDIA; SUPRAS FIXED CA $12K + BB - FEARNLEYS
Supramax
Better rates in Atlantic, but not too busy market just yet.
Black Sea catched improving rates for grain cargoes, where supras to Eg ...
Friday, 02 March 18
U.S. WEEKLY COAL PRODUCTION DOWN 2.7 PER CENT W/E 24 FEB, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Wednesday, 28 February 18
INDIA: TEPID COAL TRAFFIC TO HIT VOLUME GROWTH AT PORTS TILL 2022 - PTI
Cargo growth at the country’s major ports is all set to moderate to 3-5 per cent per annum over the next five years due to the “sedate ...
Wednesday, 28 February 18
MARKET INSIGHT - LINOS KOGEVINAS
US Shale production continues to grow rapidly, hitting new records and with projections being revised upwardly at every turn. According to the Inte ...
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- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
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