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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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Monday, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
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- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Australian Coal Association
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
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