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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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Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
Tuesday, 09 July 13
CAPESIZE: SHOT UP; PANAMAXES: NOT SO LUCK; SUPRAS: SLIGHTLY BETTER; HANDIES: SOFT - INTERMODAL
COALspot.com : June 2013 Recap
A renewed Capesize market this month (June 2013) was the cause for much of the overall noteworthy performanc ...
Tuesday, 09 July 13
THE 11TH DEEP COAL PROCESSING FORUM 2013
Press Release : The 11th Deep Coal Processing Forum 2013 will be held in November Beijing China.
CDMC Events is pleased to announce that 11 ...
Monday, 08 July 13
ECO-FRIENDLY COAL FOR CHINA - VALUE FOR THE ENVIRONMENT AND VALUE FOR THE POWER GENERATOR - BY: LINDSAY JUNIPER
COALspot.com : January 2013 saw an episode of extreme particulate pollution in Beijing 35 times worse than the safe level recommended by the World H ...
Sunday, 07 July 13
FREIGHT MARKET IS EXPECTED TO BE SOFT TO STABLE NEXT WEEK- VISTAAR
COALspot.com - The freight market softened for the week ended 5 July 2013, and experienced a decline in all sectors, including BDI. Bulk dry Index d ...
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- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
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