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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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- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
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