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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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Thursday, 31 December 15
2016 FOB NEWCASTLE COAL SWAP RALLY TO CLOSE AT $37.98/TON
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.48 per ton (4.05%) this past week compared to the sam ...
Wednesday, 30 December 15
FINAL DEALS OF THE YEAR TAKING PLACE, AS SHIP OWNERS PREPARE FOR 2016 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Holidays’ investment lull has taken a grip over the newbuilding and S&P market for second hand vessels, as shipbrokers are reporting ...
Tuesday, 29 December 15
CFR SOUTH CHINA COAL SWAPS ROSE MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.68 (1.64%) per ton month over month.
A commodity swap is ...
Monday, 28 December 15
Q2' 15 U.S. STEAM COAL EXPORTS TOTALED 7.0 MMST; DOWN 16.9% FROM Q1 2015 - EIA
COALspot.com: U.S. coal production during second quarter 2015 totaled 211.1 million short tons.
According to EIA’s preliminary quarterly ...
Monday, 28 December 15
NOVEMBER NEWCASTLE COAL EXPORTS DECLINED 11.87%; THE AVERAGE PRICE OF COAL EXPORTS ROSE 1.37%
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $1.120 billio ...
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- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Australian Coal Association
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
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