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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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Saturday, 03 January 15
U.S WEEKLY COAL PRODUCTION FELL 11.2% TO 17.6 MMST WEEK OVER WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
Thursday, 01 January 15
FOB RICHARDS BAY COAL SWAPS CLOSED AT $63.47 PMT ON 26 DEC, SGX DATA SHOWS
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month and week over week.
The Q1 swap has lost US$ 3.37 (-4. ...
Wednesday, 31 December 14
COASTAL ENERGEN (C&O) COMMENCES 1ST UNIT OF 1200 MW POWER PLANT IN INDIA
COALspot.com: Coastal Energen, part of the Coal & Oil Group, announced last week the commissioning and commencement of power production at the ...
Wednesday, 31 December 14
SUB-BIT INDONESIA COAL Q2' 15 DELIVERY SWAP CLOSED 1.03% LOWER COMPARED TO AVERAGE Q1' 15 DELIVERY PRICE - SGX
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week.
The Q1 swap has lost US$ 1.35 (-2 ...
Tuesday, 30 December 14
SHIP PRICES KEEP ON FALLING, SALES COME EARLY FOR SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship prices keep on falling on the back of low freight rates. According to the latest report from shipbroker Allied Shipbroking, January sales seem ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
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