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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, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
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 ...
Monday, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- PTC India Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- ASAPP Information Group - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
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