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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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- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
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