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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, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
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- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- The University of Queensland
- Wilmar Investment Holdings
- Australian Coal Association
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
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