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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, 18 December 13
DEMOLITION ACTIVITY SCALED BACK AS FREIGHT RATES RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's always been the case that each time we witness a spike in freight rates, demolition activity is decreasing, as owners are looking for more car ...
Tuesday, 17 December 13
NEWCASTLE COAL EXPORTS UP 37.83% WEEK ON WEEK
COALspot.com: In the week ended December 16, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.45 ...
Monday, 16 December 13
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 0.53 IN A WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 0.91 pmt month on month on Friday 13 December 2013 ...
Monday, 16 December 13
API 8 CFR SOUTH CHINA COAL Q3' 14 DELIVERY PRICE CLOSED $1.63 LESSER THAN Q1' 14 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 5.34 percept month on month as on Friday 13 December 2013. ...
Sunday, 15 December 13
SUPRAMAX'S FREIGHT RALLY COMES TO AN END THIS WEEK
COALspot.com: The BDI was up by 7 pct closing at 2,330 points week on week and the cape index was also up by 10.51 points and closed at 4,246 points ...
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- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Goldman Sachs - Singapore
- White Energy Company Limited
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
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