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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, 09 June 15
FOB RICHARDS BAY COAL SWAPS DECLINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 declined month over month and week over week.
The Q3 swap was fell US$ ...
Monday, 08 June 15
SHIPPING FLEET GROWTH HAS STARTED TO SLOW DOWN, AS NEWBUILDINGS AMOUNT TO JUST 329 SHIPS OF ALL TYPES SINCE THE START OF 2015 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Challenging market conditions have led to the inevitable reconsideration of ship owners’ priorities. Uncertainty has been the norm over the p ...
Monday, 08 June 15
API 5 FOB NEWCASTLE COAL SWAPS ADVANCED M-O-M AND W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery increased US$ 0.65 per MT (1.44%) month over month to US$ 45.65 per mt. The ...
Monday, 08 June 15
Q3'15 CFR SOUTH CHINA COAL SWAP ADVANCED 3.51% TO $52.48 PMT THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.78 (3.51%) per MT month over month.
A commodity swap is a ...
Sunday, 07 June 15
PANAMAX INDEX ROSE OVER 13% THIS WEEK
COALspot.com: The freight market was up on all segments this past week. The BDI was advanced 3.56% and closed at 610 points. The Cape Index was cli ...
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- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
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