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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, 19 September 14
PRICES FOR DRY BULK CARRIERS HAVEN'T CORRECTED ENOUGH, DESPITE LOWER THAN EXPECTED FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lot has been said and written about the looming dry bulk market recovery over the past few months. However, even if this hasn’t been materi ...
Thursday, 18 September 14
INDONESIA'S JULY COAL EXPORT VOLUME DROPPED 5.13% M-O-M
COALspot.com: Indonesia, one of the world's largest coal producer and the global leading multi grade coal exporter shipped around $1.65* ...
Thursday, 18 September 14
PANAMAX : US GULF/CHINA FRONTHAUL ARE NOW PAYING TYPICALLY 14.5K + 450K BB - FEARNRESEARCH
Handy
We still see a firming tendency in the Atlantic and it is still ECSA and USG leading on. USG/Cont now up in about USD 17/18k for a Smax whi ...
Thursday, 18 September 14
ELECTRONIC BILLS OF LADING: A GUIDE TO PAPERLESS TRADING WHICH HAS TAKEN THE SHIPPING INDUSTRY BY STORM
Bimco has recently developed and published a charter party clause that specifically addresses the use of electronic bills of lading. Increasing use ...
Wednesday, 17 September 14
PANAMAX: LIMITED INTEREST IN BOTH BASINS; RISING TONNAGE - INTERMODAL
With the week starting off at a fast pace and with the positive momentum from the previous Friday seemingly sticking around for a bit longer, most ...
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- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- The University of Queensland
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
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