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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, 17 November 14
SKULD ISSUES URGENT NOTICE ON BANKRUPTCY OF OW BUNKER A/S
Further to the Association’s advices of 7 November 2014, more information has come to light with respect to the potential impact and scale of ...
Monday, 17 November 14
INDONESIAN COAL PRICE REFERENCE CONTINUES FREE FALL; SLUMPS TO 69-MONTH LOW
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in November. HBA for t ...
Monday, 17 November 14
API 5 FOB NEWCASTLE COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT $ 52.75
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery has decreased US$ 1.77 (-3.25%) month over month and US$ 0.02 (-0.04%) day ...
Monday, 17 November 14
SOUTH CHINA COAL SWAP SLIGHTLY INCREASED WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.73 (-2.67%) month over month and US$ 0.10 (-0.16%) da ...
Sunday, 16 November 14
THE BDI LOST 12.59% WEEK ON WEEK; THE BCI LOST 19.95%
COALspot.com: The BDI fell 12.59 percent to 1256 point week on week on Friday 14 November. All the segments were also most down this week. The cape ...
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- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Australian Coal Association
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
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