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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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Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...
Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...
Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy
Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced. Owners are asking in excess of USD ...
Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...
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- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- SMG Consultants - Indonesia
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