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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, 01 August 20
SHIP SHAPE - OUCH: FIS
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Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
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- GMR Energy Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- White Energy Company Limited
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
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