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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, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding or ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
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- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
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