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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, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered f ...
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- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
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