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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, 05 October 15
Q1 & Q2 2016 DELIVERY SWAPS DECLINED M-M AND W-W THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The ...
Monday, 05 October 15
Q1' 16 CFR SOUTH CHINA COAL SWAP CLOSED US$ 48.05 PER TON
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down US$ 0.47 (0.96 %) per ton month over month.
A commodity swap is ...
Monday, 05 October 15
SMALL DECLINE IN 2014 SHIP OPERATING COSTS - MOORE STEPHENS
Total annual operating costs in the shipping industry fell by an average of 0.8% in 2014. This compares with the 0.3% average fall in costs recorde ...
Sunday, 04 October 15
THE INDO-INDIA FREIGHT MARKET REMAINS UNDER PRESSURE
COALspot.com: The BDI closed on Friday (2 Oct 2015) at 889 points, down by 54 points compared to previous Friday's closing ( 24 Sept 2015) of 9 ...
Friday, 02 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
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- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
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