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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, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
Friday, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
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- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Economic Council, Georgia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- MS Steel International - UAE
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
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