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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, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
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- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Australian Coal Association
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
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