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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, 20 November 13
PANAMAX MARKET RESUMED ITS NEGATIVE MOVEMENT FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The recovery noted the week prior in the dry Bulk market proved to be short-lived, as the BDI slipped back down to the low 1,500 point ...
Wednesday, 20 November 13
TAIPOWER TO IMPORT 0.825 MMT OF 5000 GAR COAL FOR Q2' 14
COALspot.com: Taiwan Power Company intends to procure 825,000 metric tons of general sub-bituminous coal with calorific value not lesser than 5,000 ...
Wednesday, 20 November 13
CAPES AND PANAMAXES SOFTENING; SMALLER SIZE SEGMENTS FIRMING FURTHER - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable- )
The BDI has closed off the week on the red, with rates for Capes and Panamaxes softening and those fo ...
Tuesday, 19 November 13
INDONESIAN GOVERNMENT'S DECLARED COAL PRICE REFERENCE UP 1.98% IN NOVEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.52 / MT ...
Tuesday, 19 November 13
WEEKLY COAL EXPORTS FROM NEWCASTLE PORT INCREASED BY 20.59%
COALspot.com: In the week ended November 18, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.92& ...
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- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- The University of Queensland
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- McConnell Dowell - Australia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
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