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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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Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- The University of Queensland
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
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