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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, 19 March 20
A CRUDE TSUNAMI: UP TO 3 MILLION BPD OF EXTRA OIL CAN HIT THE MARKET FROM APRIL, MORE COMING IN MAY - RYSTAD ENERGY
The extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), Rystad Energy estimates. Two million bpd ...
Thursday, 19 March 20
BIMCO REVISES 2020 FORECAST FOR MAIN SHIPPING MARKETS
The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the fu ...
Thursday, 19 March 20
U.S. COAL EXPORTS DECLINED IN 2019 - EIA
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Informatio ...
Thursday, 19 March 20
SOUTH KOREA'S KOSPO INVITED BIDS FOR MIN 3,700 OR MIN 4,200 NCV LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO), has issued an international tender for total 160,000 MT (±10%) (80,000 x 2 Panamax) of ...
Wednesday, 18 March 20
DRY BULK: INDONESIAN COAL CARGOES PROVIDING A BIG BOOST IN THE EAST WHERE SENTIMENT FOR HANDIES ALSO STARTED IMPROVING - INTERMODAL
The BDI ended last week with small gains on the back of an encouraging number of cargoes out of key trading regions that helped sustain the reserve ...
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- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- The University of Queensland
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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