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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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Friday, 26 June 15
INDONESIA COAL PRODUCTION FALLS BETWEEN JAN-MAY : JG
The Ministry of Energy and Mineral Resources announced that coal production declined to 166 million tons between January and May, a 19 percent drop ...
Friday, 26 June 15
COAL PRODUCTION IN THE U.S ROSE 6.0% WEEK OVER WEEK, SAYS EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.3 million short ...
Thursday, 25 June 15
THE PORT OF NEWCASTLE SHIPPED 13.31% MORE COAL IN MAY 2015 COMPARED TO APRIL 2015
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.18 billio ...
Thursday, 25 June 15
CAPESIZE: PERIOD INTEREST REMAINED STRONG FOR A SECOND WEEK - INTERMODAL
COALspot.com: Following those depressive last six months, the BDI closed off on last Friday noting a substantial weekly increase, which pushed the ...
Wednesday, 24 June 15
PANAMAXES: THE OUTLOOK REMAINS NEGATIVE AS DEMAND FOR COAL IS DIMINISHING - YANNIS OLZIERSKY
As we get closer to the end of June, we can safely say that the 1st half of the year is leaving the dry bulk market with a bitter taste that we all ...
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- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- PTC India Limited - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
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