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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, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
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