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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, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...
Thursday, 08 December 16
STABLE OUTLOOK FOR GLOBAL MINING IN 2017 : FITCH
Fitch Ratings' sector and rating outlooks for the global mining industry in 2017 are both stable, reflecting Fitch's view that prices have ...
Thursday, 08 December 16
CHINESE COAL DEMAND WOULD BE THE KEY FACTOR THAT INFLUENCE WORLD COAL PRICES IN 2017, POLL
“WHAT ARE THE KEY FACTORS THAT MAY INFLUENCE WORLD'S COAL PRICES IN 2017?”
The on-line opinion poll conducted by COALspot.com ...
Thursday, 08 December 16
PANAMAX: THE FIRM TENDENCY CONTINUES IN BOTH HEMISPHERES - FEARNLEY
Supramax
Market remained firm - true mostly within Atlantic.
Star performer USG remained its title, where Supras reached around USD 21k ...
Wednesday, 07 December 16
SHIPPING MARKET INSIGHT - THEODOROS NTALAKOS
Looking back at my previous end-of-year insights, for the last seven years, in each and every one of them, I begin with something like “there ...
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- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
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