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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, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
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