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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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Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
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- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Planning Commission, India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
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