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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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Sunday, 18 August 13
SUB-BIT FOB INDONESIA COAL SWAP : ON POSITIVE DIRECTION ON DAY, WEEK AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 1.83 up month on month. The swap was moved positive ...
Sunday, 18 August 13
INDO - INDIA FREIGHT EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market was up this week with the BDI gaining more than 10 pct due to strong Cape Sector.
The BDI was closed at 1,102 p ...
Friday, 16 August 13
US COAL PRODUCTION SLIGHTLY UP ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.10 million short tons (mmst) of ...
Thursday, 15 August 13
CAPESIZE : TRENDS SOMETIMES SHIFT WITH NO PRIOR WARNING - FEARNRESEARCH
Handy
The influence of the summer holidays across Europe was felt in the Atlantic basin this week. Very little activity and a growing list of avail ...
Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer an ...
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- London Commodity Brokers - England
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Posco Energy - South Korea
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
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