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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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Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
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Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at ...
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Showing 1821 to 1825 news of total 6871 |
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- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
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