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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 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 will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
Friday, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
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- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
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