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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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Friday, 27 November 15
INDONESIA COAL SWAPS: WEEK ENDING 20 NOVEMBER CLOSED HIGHER COMPARED TO THE PREVIOUS WEEK
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and up on week over week. Coal prices seen slight improvements thi ...
Friday, 27 November 15
FOB RICHARDS BAY COAL SWAPS UP FROM LAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up week over week and month over month.
The Q1’ 2016 swa ...
Thursday, 26 November 15
ITALY'S STEAM COAL IMPORTS EXPECTED TO REACH 16 MILLION TONS AND COKING COAL IMPORTS TO AMOUNT TO 4 MILLION TONS - ASSOCARBONI
ASSOCARBONI LOOKS AT COAL FROM A DIFFERENT ANGLE
- “Coal has made huge steps towards environmental sustainability, making itself t ...
Thursday, 26 November 15
DRY BULK MARKET WILL REBOUND EVENTUALLY, BUT THINGS WILL BECOME EVEN WORSE BEFORE THEY IMPROVE SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market’s benchmark, the Baltic Dry Index (BDI) reached an all-time late last week and has failed to rebound significantly eve ...
Thursday, 26 November 15
Q3'16 FOB NEWCASTLE COAL SWAP FALLS 27.5% SINCE 20 FEB 2015
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $5 per ton (12.05%) month over month to US$ 36.50 per ton. The s ...
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- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
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