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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, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Australian Coal Association
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
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