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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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Sunday, 15 February 15
BALTIC DRY INDEX CONTINUALLY DIPPED IN RED
COALspot.com: The Baltic Dry Index continues its decline and fell 5.18 pct to 530 points week on week due to falling commodity prices and declining ...
Saturday, 14 February 15
SHALE GAS AND TIGHT OIL ARE COMMERCIALLY PRODUCED IN JUST FOUR COUNTRIES - EIA
KNOWLEDGE TO ELEVATE
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing com ...
Friday, 13 February 15
U.S. WEEKLY COAL PRODUCTION SHOWS 10% DECLINE
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.1 million short tons (mmst) of coal ...
Friday, 13 February 15
SMALL AND MEDIUM-SIZED SHIP OWNERS SQUEEZED OUT OF THE MARKET ON CRASHING DRY BULK MARKET AND EUROZONE CRISIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Financing issues have started to tighten the noose in the throats of small and medium-size ship owners, who were already facing problems over the p ...
Thursday, 12 February 15
CAPESIZE: THE BEST DESCRIPTION FOR THE MARKET IS, FLAT - FEARNRESEARCH
Handy
The handy and supra market is also being affected by the marginal volume of activity in the commodity sales. We see a small upturn in the T ...
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- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- The University of Queensland
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
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