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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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Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
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