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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, 26 January 15
API 8 CFR SOUTH CHINA COAL SWAP CONTINUE TO SLIDE M-O-M; ROSE W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.79 (-1.33%) per MT month over month and gained US$ 2.10&nb ...
Sunday, 25 January 15
PANAMAX FREIGHT RATES STILL FALLING
COALspot.com: The BDI was slightly down this week to 720 points. The BDI lost 2.83 pct week on week.
The cape index continued its upward trend ...
Friday, 23 January 15
U.S. WEEKLY COAL PRODUCTION FOR WEEK ENDING JAN. 17 UP 2.5%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.4 million short tons (mmst) of coal ...
Thursday, 22 January 15
PANAMAX: A SOFTER TONE AND OVERALL A SLUGGISH MARKET - FEARNLEYS
Handy
The handy and supra market has experienced yet another week with slow activity and softening rates in both hemispheres, broker Fearnleys AS ...
Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for ...
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- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Parliament of New Zealand
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
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