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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, 27 October 16
PANAMAX: FIRM ATLANTIC; TOPPISH PACIFIC - FEARNLEYS
Supramax
The trend from last week is passed on. ECSA still strong with Supras from N Brazil to Med fixed at $9,000 to $9,500 daily.
Accordin ...
Wednesday, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...
Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”.
There is restructuring amongst bankers ...
Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
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- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- PTC India Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
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