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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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Sunday, 26 April 20
STRONGER BUNKER PRICES FAIL TO RALLY FREIGHT MARKET - FIS
VLSFO bunker prices rebounded by $22.50 to $229/mt in the port of Singapore but failed to turn around the spot freight market.
Some ...
Saturday, 25 April 20
KOREA SOUTH-EAST POWER CO. INVITED BIDS FOR 780K - 900K MT OF 5600 NCV COAL FOR JULY TO OCTOBER 2020 LOADING
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 780,000~900,000 Metric Tons (MT) s ...
Saturday, 25 April 20
SEAFARER MENTAL WELLBEING DURING THE COVID-19 PANDEMIC - STANDARD CLUB
KNOWLEDGE TO ELEVATE
COVID-19 has forced many parts of the world to enforce a lockdown in a bid to flatten the curve in terms of transmissions ...
Friday, 24 April 20
KOMIPO INVITED BIDS FOR 5700 NAR COAL FOR JUNE & JULY LOADING
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) Has Issued An International Tender For 260,000 Metric Tons (MT) Steam Coal ...
Friday, 24 April 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
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