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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, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
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- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
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