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Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
 COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Ministry of Energy & Mineral Resources of Indonesia sets the coal’s spot price benchmark for March 2012 at US$ 112.87 per ton, US$ 1.29 higher than February 2012 Price.
This coal benchmark price was calculated coal with calorific value of 6,322kcal/kg (GAR), stated to be using formula based on the February 2012 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 March 2012.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since January 2009 to be used by coal producers for all future spot and term contracts.
The March HBA was 7.80 percent lower Y-o-Y.
The price was only valid for the spot price, while as for term price, the average reference price (HPB) of the previous 3 months. (50% of latest available month HPB, 30% of one month prior HPB and 20% of two months prior HPB)
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are acted as the benchmark and used to calculate other 62 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies have revised to comply with new coal pricing regulation, which was fully implemented on 23 September 2011.
Indonesian government also drafting a regulation to ban coal with calorific value below 5700 kcal/kg on air dried (according to the draft regulation posted on djmbp website) basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crashing, blending and upgrading to have a higher-value product prior to eye on the export market.
Raw coal export will also be restricted once the regulation issued. The government has also issued a regulation (24/2012) which will limit foreign ownership in mines to 49 percent within 10 years of production.
In coming months Indonesian coal industry will see a number of new regulations.
Click here for complete details of Indonesian coal reference prices since Jan 2009.(cs)
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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
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- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
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- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
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- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
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- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
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