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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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Wednesday, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
Tuesday, 16 December 14
THIS PRICE IS A STEAL - EVA TZIMA
COALspot.com: Despite concerns that the slowdown of the Chinese economy would affect imports of iron ore, it seems that this has not been the case ...
Tuesday, 16 December 14
FOB RICHARDS BAY COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT US$ 65.60 PMT
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 0.18 (-0.27%) month on month ...
Tuesday, 16 December 14
SUB-BIT FOB INDONESIA COAL SWAP CONTINUES ITS FALL
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 1.7 ...
Monday, 15 December 14
WILL TANKERS BENEFIT FROM REEMERGENCE OF FLOATING STORAGE PLAYS? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market has been seeing high freight rates for some time now, riding on the back of low oil prices, which are boosting demand from develo ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
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