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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since February 2010 to be used by coal producers for all future spot and term coal sales contracts.
Coal price reference (HBA), the price has calculated based on a monthly average of the Indonesia Coal price Index (ICI-1), Platts-1, Newcastle Export Index and the globalCOAL Index from the previous month. 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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel supply between 1 - 30 November 2010.
The declared coal price reference for December 2010 is US$ 103.41 per Ton FOB vessel up by US$ 7.90 or 8.27 percent compared to November 2010 Coal price reference. November2010 coal price reference was at US$ 95.51 per ton.
The declared ICPR in December was the highest in 2010 or since the government starts to declare ICPR ( HBA) Since February 2010. The lowest HBA of this year was declared in April 2010.
Government also declaring price reference for eight brands of Indonesia coal which are most commonly traded in the market. The price marker is used to calculate other coal types with a quality similar to the coal price markers.
For spot sales of below one year, it will use coal price reference from the previous month and term contracts, the average of coal price reference for the last three months is used to set coal prices for a one-year contract for the following year.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal price reference, 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.
Click here for complete details of Indonesian coal price reference (cs)
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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
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- Electricity Authority, New Zealand
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- Samtan Co., Ltd - South Korea
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- IEA Clean Coal Centre - UK
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- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
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- Latin American Coal - Colombia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
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- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
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- Energy Link Ltd, New Zealand
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- Cement Manufacturers Association - India
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- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
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- The Treasury - Australian Government
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- The University of Queensland
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- Formosa Plastics Group - Taiwan
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- Global Business Power Corporation, Philippines
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- Heidelberg Cement - Germany
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- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Minerals Council of Australia
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- Meralco Power Generation, Philippines
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- Banpu Public Company Limited - Thailand
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- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
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- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
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- Metalloyd Limited - United Kingdom
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- PetroVietnam Power Coal Import and Supply Company
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- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
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- European Bulk Services B.V. - Netherlands
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