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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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Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
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- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
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