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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, 31 March 13
COAL FREIGHTS ARE IN FLAT TO WEAK TREND - VISTAAR
COALspot.com - This freight market after several weeks of firming up seemed to lose steam and this week all the indices were down except for handy s ...
Friday, 29 March 13
SUB-BIT INDONESIA COAL SWAPS: UP 0.55 % WOW; CFR SOUTH CHINA COAL CONTRACT: UP 0.23 % WOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.55 percent and CFR South China coal shipment&nbs ...
Thursday, 28 March 13
SHIP OWNERS KEEN ON ACQUIRING SECOND HAND TONNAGE, AS WELL AS NEW BUILDINGS IN CONVENTIONAL SEGMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent rally of the Baltic Dry Index (BDI), coupled with renewed optimism, at least in some parts of the wet market, have prompted many ship own ...
Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state ...
Wednesday, 27 March 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry recovered to their highest level for two years in the three months ended February 2013, according ...
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- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- The University of Queensland
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
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