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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, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first qua ...
Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy
The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...
Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...
Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year.
Speaking on t ...
Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended 0700 hours 15 April 2013, Newca ...
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- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Bhatia International Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
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