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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, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
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- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- VISA Power Limited - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
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