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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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Friday, 18 November 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.8 MMST, DOWN 0.8%, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
Thursday, 17 November 16
FROTHY THERMAL COAL PRICES POINT TO DOWNSIDE PRESSURES IN 2017 - FITCH
Fitch Ratings says in an Outlook Report that the Asian thermal coal industry will remain under pressure in 2017 due to more-than-adequate capacity ...
Thursday, 17 November 16
CHINA STEEL EXPORTS TO REMAIN HIGH IN 2017, FITCH SAYS
Fitch Ratings expects Chinese steel exports to remain at around 100 million metric tons (Mt) in 2017, due to flat 'apparent' consumption an ...
Wednesday, 16 November 16
SHIPPING MARKET INSIGHT
Going through a relatively interesting second half of the year so far in the ship repair sector, we are experiencing a volatile climate of differen ...
Tuesday, 15 November 16
CHINA, FOR MANY YEARS NOW HAS SERVED AS A MAJOR GROWTH ENGINE FOR ASIA - ALLIED SHIPPING RESEARCH
It’s been a turbulent couple of days after the announcement of the U.S. Presidential results in the early hours of Wednesday.
After week ...
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Showing 2211 to 2215 news of total 6871 |
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- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Planning Commission, India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
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