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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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Friday, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supr ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
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- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
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