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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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Monday, 23 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 3 PERCENT LESS COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 3 per cent week on week to 2.92 million mt for t ...
Sunday, 22 September 13
BDI STRENGTHENS FURTHER AS CAPESIZE FREIGHT RATES JUMP - CAPT. REDDY
COALspot.com: The freight market continued its upward trend and maintaining the moment with BDI and Cape index up by 16 pct week on week. The Capesi ...
Sunday, 22 September 13
API 8 CFR SOUTH CHINA COAL SWAPS ADVANCE
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Sunday, 22 September 13
SUB-BIT INDONESIA COAL SWAPS REMAIN UNDER PRESSURE
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 2.09 percept month on month on Friday 20 September 2 ...
Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity ...
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- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
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