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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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- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
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