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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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Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
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- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
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