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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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Friday, 10 April 15
US COAL PRODUCTION FELL 4.7% W-O-W : EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
Friday, 10 April 15
DRY BULK MARKET'S DOWNFALL ALSO OFFER INVESTMENT BARGAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk market rates have fallen to historical lows over the past few weeks, with no clear path of recovery, at least in the near term. As such, m ...
Thursday, 09 April 15
CAPESIZE: RATES ARE STILL DISAPPOINTING - FEARNLEYS
Handy
The handy market had a stronger sentiment before the Easter holidays, but have as the bigger panamaxes seen a softening tendency this week. ...
Wednesday, 08 April 15
DRY BULK MARKET SEEMS UNABLE TO CATCH A BREAK - INTERMODAL
COALspot.com: The Dry Bulk market seems unable to catch a break these days.
According to Intermodal, following the market stabilization that p ...
Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the Europ ...
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- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- White Energy Company Limited
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- The University of Queensland
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
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