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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, 23 December 15
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
As we are heading towards the end of the year we could argue that most of those involved in the shipping industry share mixed feelings for 2015. Th ...
Wednesday, 23 December 15
FOB NEWCASTLE COAL SWAP CLOSES FIRM
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery up $0.45 per ton (1.22%) month over month to US$ 37.20 per ton. The swap wa ...
Tuesday, 22 December 15
3800 GAR INDEX CLOSED AT US$ 22.03 PER TON; DOWN 0.15% W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.03 per ton (-0.07 %) week over week.
According to the CS (i) coal (system generated ...
Monday, 21 December 15
Q3' 2016 CFR SOUTH CHINA COAL SWAP CLOSED SLIGHTLY LOWER COMPARE TO Q1'16 CLOSING PRICE
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery up US$ 0.20 (0.48%) per ton month over month.
A commodity swap is a ...
Sunday, 20 December 15
THE FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The BDI facing all time low's this week. The bulk dry index closed at 477 points on 18 December 2015.
The cape index was als ...
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- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- White Energy Company Limited
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- VISA Power Limited - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
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