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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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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
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- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
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