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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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Wednesday, 16 April 14
Q1 2014 : TERMS OF FREIGHT RATES THE PERFORMANCE IN THE DRY BULK MARKET HAS NOT MET THE HIGH EXPECTATIONS - INTERMODAL
This year the dates for the celebration of Easter will coincide for the Orthodox and the Catholic, so we are already seeing most people in the m ...
Tuesday, 15 April 14
NEWCASTLE SHIPPED MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 14 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 14 April 14
SUB-BIT FOB INDO COAL SWAP FOR Q1' 15 DELIVERY CLOSED AT US$ 60.12 PER MT
COALspot.com: Indonesian coal swaps for average Q4’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 14 April 14
INDONESIA'S Q1 COAL PRODUCTION LITTLE CHANGED EVEN WITH PRICE DROP - INVESTOR DAILY
Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in t ...
Monday, 14 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAIN FOR THE MONTH & WEEK
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 4.61 percent month on month and closed at US$ 76.18 per mt as ...
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- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- India Bulls Power Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
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