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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, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
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- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- PTC India Limited - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
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