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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
 COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing mechanism by January 1, 2012.
The BoD of Coal India Ltd on Friday approved a proposal to adopt the internationally accepted, gross calorific value (GCV) based pricing mechanism beginning 2012. The GCV based pricing mechanism will replace existing useful heat value (UHV) pricing mechanism.
According to media reports, new coal prices, dearer by 12-15 percent, is expected to push up power generation cost by at least US$ 0.00753 per unit. Indian UMPP’s, already affected due to Indonesian regulation that requires all the coal suppliers to follow government bench-mark pricing mechanism for coal transaction. UMMP’s have appealed to the government for a power tariff rise. If Coal India’s new coal-price structure pushes the prices of indigenous coal upward, then power producers may push the government for a tariff increase to secure bottom-line of company to keep the industry alive.
Times of India reported that, January 1, coal will be sold in 17 price brands starting from the variety that produces 2,200 kcal/kg to one that produces 7,000 kcal/kg. In between, there are 15 price bands, each at an incremental rise of 300 kcal/kg. Times of India has not reported anything about price adjustment for ash content.
Imported coal
As Coal India moving from UHV pricing mechanism to GCV based mechanism, Indian utilities in the opinion that, the imported coal prices may be competitive in the future for utilities who are currently using only indigenous coal due to price as well as the quality. Indian coal used to be higher ash content compared to imported coal.
"Even if we want to use more coal of higher calorific value, CIL cannot supply it. So we will be using the same coal but paying more," said a utility official, as quoted by times of India. If Coal India fails to fulfill customers' requirements for higher GCV coal when they willing to pay high, then there is possibility utilities looking for imported coal.
However, it is not clear that, whether Coal India will also introduce a coal price index, or it will go with a fixed pricing mechanism for a specific period. Incase coal India follows Indonesian coal pricing structure and tries to introduce index based pricing mechanism for its coal, then indigenous coal prices will also vary based on monthly international indices.
According to media reports, coal India has released price structure to its customers, which has not published for public.
Media reports further said, while those using coal of B, G and F grades will not be affected as new prices will be either same or lower, but those using other coal grades will be extremely affected.
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Tuesday, 05 April 11
DRY BULK MARKET DOWN ON FIRST DAY OF SECOND QUARTER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market began the second quarter on a downward pattern, with the industry’s benchmark, the Baltic Dry Index (BDI) shedding 1.45 pe ...
Monday, 04 April 11
INDONESIA INTERNATIONAL CONFERENCE FOCUS ON INDONESIA'S ECONOMY (IICFIE) 2011 MASTER PLAN TO ACCELERATE THE ECONOMIC DEVELOPMENT
Press Release - Since couple of years, Indonesia's economy show impressive growth. What is the Indonesia's Economic Corridor and the Master plan t ...
Saturday, 02 April 11
TNPL CALLS FOR 160KT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure another 160,000 MT +/- 5 percent of Non-Coking imported C ...
Saturday, 02 April 11
THE FREIGHT MARKETS LIKELY TO BE SOFT NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week affecting all sectors with BDI down by 65 points (down by 4.10 pct) and closed at 1,520 points. ...
Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy
Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...
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- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
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