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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, 25 August 14
API 8 CFR SOUTH CHINA COAL SWAP GAINED DAY OVER DAY AND MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.30 (+0.44%) day on day and decreased US$ 0.20 (- ...
Sunday, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
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- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Australian Coal Association
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
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