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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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Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
Monday, 27 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The pessimism in the dry market persists with the Baltic Dry Index still trying to find a steady pace of growth and average time charter earnings fo ...
Sunday, 26 February 12
THE FREIGHT RATES FOR INDONESIA TO INDIA IS LIKELY TO BE FIRM FOR NEXT 2/3 WEEKS - VISTAAR
COALspot.com – “There was not much change in the BDI and other indices this week except for the Panamax which was down by 11.91 pc ...
Friday, 24 February 12
DRY BULK MARKET POSTS FIRST REBOUND IN A WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was expected since mid-week, the dry bulk market's benchmark, the BDI (Baltic Dry Index) has managed to put a stop in a 6-day losing rally, endi ...
Thursday, 23 February 12
2.5 PANAMAX VESSELS PER AVAILABLE CARGO FOR MARCH DATES - FEARN BULK
Handy
Another depressing week for Supras in both basins. Lack of fresh business and over-supply of tonnage in the Atlantic pushed rates south. Cont ...
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- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Sojitz Corporation - Japan
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
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