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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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Monday, 09 November 15
CFR SOUTH CHINA THERMAL COAL SWAP FOR Q3' 16 CONTRACT DECLINED US$ 4 PER TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.35 (9.03 %) per ton month over month.
A commodity swa ...
Monday, 09 November 15
INDIAN THERMAL COAL IMPORTS SURGED 18%; COKING COAL 6.31% DURING APRIL-OCTOBER: BUSINESS-STANDARD
Indian thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the curren ...
Sunday, 08 November 15
THE FREIGHT MARKET KEEP DROPPING THIS WEEK - VISTAAR
COALspot.com: The freight market keep dropping this week.
The BDI down 12.48 percent week on week and closed at 631 points on 6 November 2015. ...
Sunday, 08 November 15
CAPESIZE FREIGHT RATES IN AUSTRALIA-CHINA ROUTES OVER 50% CHEAPER THAN BRAZIL-CHINA ROUTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China’s mining and steel industries are facing tectonic shifts over the past couple of years, with the country’s limiting of coal use, ...
Friday, 06 November 15
COAL PRODUCTION IN THE U.S. FELL SHARPLY FOR THE WEEK ENDING OCTOBER 31
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.6 million shor ...
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- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Australian Coal Association
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
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