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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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Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- The University of Queensland
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- VISA Power Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
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