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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
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