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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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Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
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Friday, 20 December 13
US PRODUCED 2.71% MORE COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal in ...
Friday, 20 December 13
DRY BULK MARKET SLUMPS AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As has been the case in recent years, the dry bulk market has been on a downward trend ahead of the Holiday Season for a large part of the world. Th ...
Thursday, 19 December 13
SHIPPING CONFIDENCE HITS THREE-YEAR HIGH - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for more than three years over the three-month period to November 201 ...
Wednesday, 18 December 13
SNP ACTIVITY IN CHINA SEEMS TO BE SLOWING DOWN - CHRISTOS TRAGEAS
Approaching the end of the year, SnP activity in China seems to be slowing down in comparison to the first half of this quarter, as most Chinese Shi ...
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- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
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