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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, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
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- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
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