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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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Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
Monday, 02 May 16
INDIA'S GANGAVARAM PORT SETS ALL INDIA RECORD FOR NON-COKING COAL DISCHARGE
COALspot.com: Gangavaram Port, the deepest and the most modern port in India, has created yet another historical milestone record by discharging 15 ...
Monday, 02 May 16
CS (I) 5000 GAR COAL INDEX CLOSES 0.11% HIGHER, 5700 GAR COAL RISES 0.07% W/W
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.28 percent week over week to averaging $38.78 per ton on this past Friday, acco ...
Monday, 02 May 16
FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Saturday, 30 April 16
40 YEARS OF HANDLING COAL AT THE BTW IN WILHELMSHAVEN UNDER THE RHENUS FLAG
Press Release: The first bulk carrier with coal on board docked at the Bulk Terminal Wilhelmshaven (BTW), which is operated by Rhenus Midgar ...
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- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
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