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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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Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Deloitte Consulting - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
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