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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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Saturday, 07 December 13
A RARE TIME IN RECENT SHIPPING MARKET HISTORY: BOTH DRY BULK AND VLCC TANKER EARNINGS ARE ON THE RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Around this time of year, back in 2008, i.e. five years ago, the shipping markets were plagued with the aftermath of the global financial crisis tha ...
Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on ex ...
Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT ...
Friday, 06 December 13
US PRODUCED APPROXIMATELY 82.8 MILLION SHORT TONS OF COAL IN NOVEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
Friday, 06 December 13
PANAMAXES HAVE BEEN THE ' WEAPON OF CHOICE' BY MOST DRY BULK SHIP OWNERS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Low ship prices, the direct consequence of subdued freight rates for the larger part of 2013 have been the main driving force behind this year's ag ...
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- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Minerals Council of Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
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