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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, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
The government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at arou ...
Monday, 01 June 15
API 5 FOB NEWCASTLE COAL SWAP; Q1'16 CLOSED LOWER COMPARED TO Q3'15
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.36 per MT (0.80%) month over month. The swap was closed at US$ ...
Monday, 01 June 15
CFR SOUTH CHINA COAL SWAP: GAINED W-W, M-M; Q1'16 CLOSED HIGHER THAN Q3'15
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.15 (2.26%) per MT month over month.
A commodity swap is a f ...
Sunday, 31 May 15
CAPE AND PANAMAX SEGMENTS SLIDE CONTINUES
COALspot.com: The BDI was up about 0.5 pct week on week and closed at 589 points while the cape index was fell 0.73 pct and closed at 810 po ...
Friday, 29 May 15
DRY BULK MARKET IS THE VICTIM OF A SHIFT IN DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The fall in dry bulk freight rates is attributed, in large part, to the substantial decrease of China’s thermal coal imports, a major commodi ...
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- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
- The Treasury - Australian Government
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