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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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Thursday, 14 August 14
INDIA'S PLAN TO START AN INFRASTRUCTURE BOOM AND TO INVEST US$ 1 TRILLION BY 2017 WILL SURELY AFFECT THE DRY BULK TRADE - FEARNLEYS
Handy
The Atlantic Supra market has continued its improving sentiment with rates climbing and TA´s are now up about US$ 900 w-o-w, said Fea ...
Wednesday, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...
Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE
Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...
Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...
Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...
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- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- PTC India Limited - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Xindia Steels Limited - India
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