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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, 21 February 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2017 proved to be a relatively good year with positive margins for the Dry Bulk market. Especially during the last quarter of the year everyone can ...
Tuesday, 20 February 18
INDIA: COAL IMPORT RISES BY 12 PER CENT TO 18 MILLION TONNES IN JANUARY - PTI
The country’s coal import increased by 12.4 per cent to 18.49 million tonnes (MT) in January, against 16.
44 MT in the same month of the ...
Monday, 19 February 18
JOINT INSURANCE - WHY SHOULD YOU CARE? - SKULD
KNOWLEDGE TO ELEVATE
It is neither controversial nor new to say that co-assureds under a joint insurance policy cannot claim against each othe ...
Friday, 16 February 18
U.S. WEEKLY COAL OUTPUT DOWN 4.5 PER CENT WEEK OVER WEEK, 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 ...
Thursday, 15 February 18
INDIA: THERMAL POWER PLANTS UNDER STRESS ON RISING COAL, FREIGHT COSTS - BUSINESS STANDARD
Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Prices of thermal grade coal sin ...
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- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
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