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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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Tuesday, 29 November 16
US WEEKLY COAL OUTPUT TOTALS 17.2 MMST, UP 2.8% : EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17.2 million short ton ...
Monday, 28 November 16
BALTIC DRY INDEX FALLS TO 1181 POINT, DOWN 76 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities down slightly and ending in a negative note this past wee ...
Thursday, 24 November 16
SUPRAMAX: SOUTH AFRICA STILL STRONG WITH OWNERS ACHIEVING AROUND USD 14-15K FOR TRIPS EAST - FEARNLEYS
Supramax
A positive kick-off in both the Atlantic and the Pacific. Very healthy rates within USG, some supras receiving well over 20k for trips t ...
Wednesday, 23 November 16
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
The Organization of the Petroleum Exporting Countries (OPEC) is due to finalize a reduction in total production at its next scheduled meeting in Vi ...
Tuesday, 22 November 16
ITALY'S STEAM COAL IMPORTS EXPECTED TO DECLINE 7% Y/Y TO 15 MILLION TONS IN 2017 - ITALIAN COAL ASSOCIATION
Italy’s steam coal imports expected to decline to 15 million tons in 2017, or 7% less imports compared to 2016. The coking coal imports are e ...
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- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
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