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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, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- The University of Queensland
- SMG Consultants - Indonesia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- White Energy Company Limited
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
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