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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, 07 October 15
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS DOWN 21 PER CENT COMPARED WITH THE SAME PERIOD IN 2014 - EIA
Coal Supply
Lower U.S.’s domestic coal consumption and reduced exports contribute to a forecast decline of 89 million short tons (M ...
Wednesday, 07 October 15
SHIPPING MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2015 and more specifically during the summer season has been rather remarkable. 421 v ...
Wednesday, 07 October 15
INDONESIA COAL SWAPS HAVE CONTINUED TO DECLINE, FALLING ALMOST 7% M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.23 (-5.51%) per t ...
Tuesday, 06 October 15
THE IMPACT OF LOW OIL PRICE ON THE SHIPPING INDUSTRY - LITERATED
The fall in global oil prices over the last one year has been beneficial to the shipping industry. The demand for oil tankers has picked up and the ...
Tuesday, 06 October 15
FOB RICHARDS BAY COAL SWAPS PLUNGE MORE THAN 6 PER CENT M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month.
The Q4 swap was down US$ ...
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- Anglo American - United Kingdom
- Coal and Oil Company - UAE
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- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
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- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
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- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
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- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
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- Meenaskhi Energy Private Limited - India
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- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
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- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
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- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
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- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Thai Mozambique Logistica
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- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
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