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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, 05 January 12
DRY BULK MARKET TAKES A PLUNGE OF LOW ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pus ...
Wednesday, 04 January 12
NEWBUILDING ORDERS PICKED UP IN 2011, BUT 2012 EXPECTED TO BE A DIFFERENT STORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) starting the year on a sour note, losing 114 points and ending yesterday’s session, the first of the new year, ...
Wednesday, 04 January 12
MAHAGENCO TO IMPORT LOW MOISTURE COAL
COALspot.com - Maharashtra State Power Generation Co. Ltd. is the state power generation utility owned by Government of Maharashtra, intends to proc ...
Tuesday, 03 January 12
INDONESIA COAL REFERENCE PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.3 ...
Tuesday, 03 January 12
WHICH WAY WILL THE DRY BULK MARKET HEAD ON FIRST WEEK OF THE YEAR? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Dry bulk ship owners will be wondering which way will the BDI (Baltic Dry Index), the industry’s benchmark, will head during the first days of ...
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- Planning Commission, India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- GMR Energy Limited - India
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