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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, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
Sunday, 30 March 14
FREIGHTS FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK - REDDY
COALspot.com: The freight market dropped drastically and all sectors were affected severely.
The BDI was down by 14.13 pct and closed at 1, ...
Friday, 28 March 14
US PRODUCED APPROXIMATELY 18.9 MMST IN A WEEK - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Friday, 28 March 14
CHINA'S ENVIRONMENTAL MEASURES WILL NOT CURB GROWTH IN DOMESTIC STEEL PRODUCTION AND SEABORNE IRON ORE - WOOD MACKENZIE SAYS
Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been impos ...
Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy
A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower ret ...
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- Romanian Commodities Exchange
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
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