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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, 06 July 16
KOMIPO INVITES BIDS FOR 780000 MT OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Wednesday, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
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- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- The University of Queensland
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
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