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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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Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
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Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
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- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
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