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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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- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Australian Coal Association
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
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