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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, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- The University of Queensland
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Planning Commission, India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
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