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