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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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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
Friday, 19 December 14
U.S WEEKLY COAL PRODUCTION REACHED APPROXIMATELY 19.8 MMST; UP 1.0% WOW
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Friday, 19 December 14
HANDY: SOFTER TONE; PANAMAX: QUIET WEEK; CAPESIZE; PAINFUL WEEK
Handy
A softer tone for rates and volumes for the Supras, perhaps less apparent in the Pacific the last week before the season holidays and good ...
Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million ...
Wednesday, 17 December 14
CAPES RATES SLIPPED BELOW $5,600/DAY, FELL 84% YOY
COALspot.com: In the very rare occurrence when the BCI stands below the BDI, words to describe market sentiment are probably poor, said Intermodal ...
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- Coal and Oil Company - UAE
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- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
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- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
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- New Zealand Coal & Carbon
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
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- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
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- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
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- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
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- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
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- Indonesian Coal Mining Association
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- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Iligan Light & Power Inc, Philippines
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- Star Paper Mills Limited - India
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- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
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- Manunggal Multi Energi - Indonesia
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- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
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- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
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- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
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- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
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- Vedanta Resources Plc - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
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- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- The University of Queensland
- Orica Mining Services - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
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- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
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- Minerals Council of Australia
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