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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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- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Wilmar Investment Holdings
- VISA Power Limited - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
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