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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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Monday, 06 November 17
MARINE BUNKER EXCHANGE EXPECTS BUNKER PRICES WILL CONTINUE UPWARD TREND NEXT WEEK
World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement ...
Monday, 06 November 17
THE THERMAL COAL MARKET CAME UNDER SOME PRESSURE AS THE OUTLOOK FOR DEMAND WEAKENED - DANIEL HYNES
Commodities were mixed as investors grappled with a revised tax plan in the US amid a rising USD said Daniel Hynes in his linked in post.
Acco ...
Monday, 06 November 17
THE FREIGHT MARKET WAS CONTINUED TO SOFTEN THIS PAST WEEK; BCI DOWN 184 POINT WEEK OVER WEEK
COALspot.com: The freight market was continued to soften this past week compared to the previous week, as BDI and all segments except Panamax index ...
Friday, 03 November 17
U.S. COAL PRODUCTION FELL WEEK-OVER-WEEK, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.5 million short ton ...
Wednesday, 01 November 17
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
As it was expected, the strong dry bulk freight market of the past couple of months has inspired similar activity in the second-hand market. Noneth ...
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Showing 1896 to 1900 news of total 6871 |
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- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- PTC India Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
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