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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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Saturday, 28 March 15
THE DRY BULK FLEET AT BREAKING POINT - CLARKSONS
The severe oversupply in the bulkcarrier fleet has contributed to the current trough in the dry bulk market, putting considerable financial pressur ...
Friday, 27 March 15
INDONESIA: NEW REGULATION REQUIRES LETTER OF CREDIT FOR EXPORT OF PRODUCTS FROM NATURAL RESOURCES
The Minister of Trade issued Ministerial Regulation No. 04/M-DAG/PER/1/2015 (“Regulation No. 4/2015”) on 5 January 2015. Regulati ...
Friday, 27 March 15
WEEKLY U.S COAL OUTPUT FALLS 1.7% W-W; 7.9% Y-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately totaled an estimated 18.2 million ...
Thursday, 26 March 15
CHINA IRON ORE IMPORT FOR THE FIRST 2 MONTHS DECLINED BY 1.2 % Y-O-Y; PANAMAX AUSSIE/CHINA ROUNDS BEING FIXED IN THE $4 -5K RANGE - FEARNLEYS
Handy
There has been more activity in both hemispheres this week. Especially the USG market has picked up with more cargoes for prompter dates en ...
Thursday, 26 March 15
RATES FOR THE SMALLER SIZE SEGMENT CONTINUED TO IMPROVE LAST WEEK - INTERMODAL
To see green across the board is a rare occurrence in the Dry Bulk market nowadays and while the upside in which last week closed off is not of the ...
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- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- MS Steel International - UAE
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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