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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- The Treasury - Australian Government
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
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