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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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Thursday, 12 February 15
DRY BULK OWNERS SCRAP MORE VESSELS, AS MARKET REACHES HISTORICAL LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has reached historical lows this week, with the Baltic Dry Index (BDI) now trading at levels below operating expense levels for ...
Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
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- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
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