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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, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
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