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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, 19 June 14
PANAMAX: VERY CLOSE TO BREAKING THE ALL TIME LOW RECORD - FEARNLEYS AS
Handy
The Supra-Handy market is experiencing the same market slow down as its bigger sister markets however not to the same extent. We see TA rat ...
Wednesday, 18 June 14
CHINESE STEEL PRODUCTION SETS RECORD DURING FIRST TEN DAYS OF JUNE - COMMODORE RESEARCH & CONSULTANCY
Recently released data shows that average daily crude steel production at China's key steel mills hit a record high of 1.833 million tons durin ...
Wednesday, 18 June 14
MARKET INSIGHT - TIMOS PAPADIMITRIOU
Back in January the expectations for Q3 and Q4 were more than great. Talks and claims for a rising BDI and a healthy market were coming from everyw ...
Tuesday, 17 June 14
DRY BULK FREIGHT RATES TO RISE DURING THE SECOND HALF OF 2014, AS CHINA IS EXPECTED TO START IMPORTING MORE IRON ORE FROM BRAZIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its latest analysis of the dry bulk market, BIMCO said that it doesn’t expect freight rates to react significantly to increased demand bef ...
Monday, 16 June 14
INDONESIAN COAL SWAPS FOR Q3 DELIVERY FALL 2.34 % MONTH ON MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
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Showing 3651 to 3655 news of total 6871 |
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- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
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