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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, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...
Monday, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
COALspot.com: The freight markets rose slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global ...
Monday, 29 February 16
LOSS OF EARNINGS IN THE WAKE OF A COLLISION - GARD
KNOWLEDGE TO ELEVATE
A shipowner’s loss of earnings can form a significant part of a collision claim. Awareness of the ways of calculati ...
Friday, 26 February 16
U.S WEEKLY COAL PRODUCTION UP SLIGHTLY
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up b ...
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- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
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