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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, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
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- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
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