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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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Tuesday, 22 May 12
NEW ONE-YEAR TIME CHARTERS FOR TWO VESSELS OF EXCEL MARITIME CARRIERS LTD.
Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportat ...
Tuesday, 22 May 12
DRY BULK MARKET STEADY, AWAITING FURTHER RISE IN DEMAND WHICH IS DOUBTFUL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Traditionally, the second and third quarters of the year are the strongest for the dry bulk market, but this year, things seem to be quite subdued, ...
Sunday, 20 May 12
SPOT FREIGHT RATE DIPS FURTHER - VISTAAR
COALspot.com - The BDI was marginally up by 3 points (0.26 pct) closing at 1,141 points.
The cape index was up by 1.17 pct closing at 1,633 point ...
Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and& ...
Saturday, 19 May 12
INDONESIAN EXPORT TAX GIVES COAL MINERS A CHEAP RIDE: ANALYSTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s policy to exclude coal from an export tax that has been applied to 14 other mineral commodities h ...
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- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
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