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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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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand ...
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- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
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