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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, 20 April 15
Q4' 2015 API 8 CFR SOUTH CHINA COAL SWAP CLOSED US$ 50.28 PMT
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 4.03 (-7.28%) per MT month over month and US$ 0.05 (-0 ...
Sunday, 19 April 15
THE OCEAN FREIGHT MARKET SHOWED STEADY THIS WEEK
COALspot.com: The freight market was fairly steady this week. The BDI was up 2.93% to 597 points week over week. The cape index was also increased ...
Friday, 17 April 15
IHS ENERGY EUROPEAN COAL OUTLOOK CONFERENCE
Attend the IHS Energy European Coal Outlook Conference 19-20 May in Nice, France and learn about timely concerns in today’s coal industry.
...
Friday, 17 April 15
COAL PRODUCTION IN THE U.S. UP THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 18.0 million short ...
Thursday, 16 April 15
NEW COMMODITY SUPERHIGHWAY WILL EMERGE IN CHINA, ALTERING ENERGY TRADE FLOWS - WOOD MACKENZIE
Wood Mackenzie says that China’s Go West strategy – encouraging coastal to inland flow of capital and people - will result in the forma ...
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- Petron Corporation, Philippines
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Australian Coal Association
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
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