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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, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
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- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- PTC India Limited - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
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