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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, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
Thursday, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
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- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
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