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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, 11 July 16
THE MAIN SEA FREIGHT INDEX, BDI ROSE FURTHER ON 8 JULY DUE TO STRONG DEMAND FOR PANAMAX SHIPS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.84 percent from las ...
Monday, 11 July 16
DRY BULK MARKET: UP TO 30 MILLION DWT OF OLDER BULKERS WILL NEED TO BE SCRAPPED BY END OF 2017 FOR MARKET TO FIND BALANCE
Tonnage oversupply in the dry bulk market is more than evident, as newbuildings have been hitting the water faster than owners can scrap their olde ...
Friday, 08 July 16
U.S. WEEKLY COAL OUTPUT UP 3% TO 14.1 MMST - EIA
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 14.1 million short tons (mms ...
Thursday, 07 July 16
PANAMAX : THE TENDENCY FROM LAST WEEK CONTINUES WITH A CONSIDERABLY STRONGER SENTIMENT ALL ACROSS THE BLOCK - FEARNLEYS
Capesize
Rates have been holding at steady levels over the last weeks but towards end of this period they are becoming under more pressure as gen ...
Thursday, 07 July 16
CONSOLIDATION TO RULE OVER SHIPPING, AS EXECUTIVES SEEK INVESTMENT OPPORTUNITIES IN CHINA, INDIA AND EUROPE SAYS NORTON ROSE SURVEY
The transport sector is looking to Asia Pacific as the key market for investment over the next five years, according to the seventh The way ahead T ...
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- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- White Energy Company Limited
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- CNBM International Corporation - China
- Videocon Industries ltd - India
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