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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, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week.
The Cape index was also ended in ...
Friday, 07 June 13
MEDITERRANEAN COAL MARKETS
Press Release: 3rd International Conference Mediterranean Coal Markets will be held on 16-17th of September 2013, Istanbul, Turkey, Ceylan Intercont ...
Friday, 07 June 13
US'S COAL PRODUCTION INCREASED BY 0.54 PER CENT THE WEEK ENDED JUNE 1
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.60 million short tons (mmst) of ...
Thursday, 06 June 13
WE ARE SEEING SOME FRESH INDO COAL TO CHINA AND INDIA - FEARNRESEARCH
Handy
In the Atlantic, the Gulf remains firm for the next week with a few orders in the market. The Supramaxes are seeing around low 20k for fronth ...
Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Mi ...
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- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
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