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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, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners id ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
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- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
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