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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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Friday, 13 December 13
HARD COAL : VOLUMES POSSIBLY AT RECORD-BREAKING HIGH; PRICES POSSIBLY AT A RECORD-BREAKING LOW - VDKI
Press Release : World Hard Coal Market 2013: volumes possibly at record-breaking high, prices possibly at a record-breaking low. German and UK impor ...
Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
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