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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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Wednesday, 24 August 16
DRY BULK VESSELS FACE CONTINUED DISTRESS - CLEAR ASSET
Dry bulk vessels have faced extreme distress in recent years. With a combination of factors including newer vessels being ordered with up to 5-year ...
Tuesday, 23 August 16
4200 GAR COAL INDEX CLIMB 15.96% YEAR TO DATE - CS COAL INDEX
COALspot.com: Average 4200 GAR coal index of Indonesian origin rose 1.65 % week over week to averaging $31.46 per ton this past week, shows CS (i) ...
Tuesday, 23 August 16
KOMIPO TO IMPORT 250K OF 5,700 KCAL/KG NAR COAL FOR Q4' 16
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for total 250,000 Metric Tons of Bituminous Coal for ...
Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
COALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-w ...
Monday, 22 August 16
THE FREIGHT MARKET WAS STEADY THIS PAST WEEK; CAPE INDEX DECLINE 5.38%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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Showing 2311 to 2315 news of total 6871 |
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- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- The University of Queensland
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- The Treasury - Australian Government
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
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