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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, 04 August 15
SHIPPING CYCLES - A CHESS GAME YOU DON'T WANT TO LOSE - CLARKSONS
Ingmar Bergman’s classic movie The Seventh Seal is about a knight who, during the Black Death, challenges Death to a chess match, in the hope ...
Monday, 03 August 15
NEWCASTLE COAL SWAPS DECLINE FURTHER THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.92 per MT (-4.22%) month over month to US$ 43.58 per mt. The swap ...
Monday, 03 August 15
CFR SOUTH CHINA COAL SWAPS SLIDE THIS WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.64 (3.14%) per MT month over month.
A commodity swap ...
Sunday, 02 August 15
CAPESIZE RATES PUSH BDI UPWARD
COALspot.com: The freight market was buoyant this week as BDI rose 4.14 pct to 1131 points. The cape index was also increased 16.50 pct 2209 points ...
Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market ...
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- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Planning Commission, India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
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