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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, 03 November 15
API 5 FOB NEWCASTLE COAL SWAPS DECLINE CONTINUES
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery slid $1.84 per ton (4.34%) month over month to US$ 40.54 per ton. The swap ...
Tuesday, 03 November 15
EU OIL MAJORS FACE FURTHER EARNINGS DECLINE IN Q415 - FITCH RATINGS
The sharp drop in major European oil companies' third-quarter profits is likely to be extended in the fourth quarter as refining margins, which ...
Monday, 02 November 15
DESPITE CHALLENGING MARKET CONDITIONS, ADARO LOWERS COSTS, DEBT AND DELIVERS STRONG FREE CASH FLOW
COALspot.com: Despite challenging market conditions, Adaro lowers costs, lowers debt and delivers strong free cash flow.
The Indonesia’s ...
Monday, 02 November 15
CFR SOUTH CHINA COAL SWAPS CLOSED ON A WEAK NOTE
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.81(3.71 %) per ton month over month.
A commodity swap ...
Sunday, 01 November 15
THE FREIGHT MARKET SENTIMENT REMAINS WEAK
This week’s freight market sentiment remains weak compared to last week.
The Baltic Dry Index (BDI), an economic indicator issued daily ...
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- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Aditya Birla Group - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
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