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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, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident i ...
Tuesday, 02 August 16
INDONESIAN CS COAL INDICES STAY POSITIVE
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.71% week over week to averaging $41.12 per ton this past week, shows CS (i) C ...
Monday, 01 August 16
4200 GAR INDONESIAN COAL PRICE MAY TOUCH $ 32/33 A TON LEVELS SOON
COALspot.com: Indonesian coal prices are likely surge further in 2016 as the recent price movement in Indonesian coal markets suggests that the mar ...
Monday, 01 August 16
BALTIC INDEX ENDED NEGATIVE NOTE THIS PAST WEEK ON WEAKER RATES ACROSS ALL LARGE VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape, Panamax and Supramax segments end ...
Friday, 29 July 16
U.S. COAL OUTPUT SLIPS SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 15 million short tons ( ...
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- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
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