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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, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
Supramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despit ...
Wednesday, 15 March 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1000 point mark and creating a positive sentiment for the u ...
Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has be ...
Monday, 13 March 17
PORT OF NEWCASTLE HAS SHIPPED 11.563 MILLION TONS COAL IN FEBRUARY 2017; DECLINED 12.19 PERCENT M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,4 ...
Monday, 13 March 17
INDO - INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
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- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
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