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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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Wednesday, 11 March 15
RICHARDS BAY COAL SWAPS DROP $ 3.65 - 4.0/T W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has fell US$ ...
Wednesday, 11 March 15
DRY BULK MARKET CLOSED OFF ON THE GREEN FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The Dry Bulk market closed off on the green for a second week in a row, while the performance of Capesizes hindered a more substantia ...
Wednesday, 11 March 15
MARKET INSIGHT : NEWBUILDINGS - PANOS TSILINGIRIS
From a cost-based, buy-low perspective, there is currently a buying opportunity in the second-hand dry bulk market. I am an anti-cyclical (buy-low) ...
Wednesday, 11 March 15
DRY BULK MARKET: ALL IS NOT LOST FOR A RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The low cost of commodities across the board could trigger an increase of trade among many countries, which in turn could lead to a recovery of the ...
Wednesday, 11 March 15
U.S. ELECTRIC GENERATING COMPANIES TO ADD MORE THAN 20 GW OF GENERATING CAPACITY IN 2015; 16 GW OF GENERATING CAPACITY IS EXPECTED TO RETIRE IN 2015
COALspot.com: In 2015, electric generating companies in U.S. expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the ...
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- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
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