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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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Friday, 13 March 20
PANAMAX: SLIGHTLY STRONGER NUMBERS IN BOTH BASINS THIS WEEK - FEARNLEYS
Cape
Still very sad times for the big ships, and merit in further trading at present levels is highly debatable for most tonnage. Spot fixtures ...
Friday, 13 March 20
TOP 4 ACCOUNTING CONSIDERATIONS AFTER THE IMPLEMENTATION OF IMO 2020 - PWC
To install or not to install?
Following the IMO 2020 global low sulphur cap for marine fuel effective since 1 January 2020, many shi ...
Friday, 13 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 13 March 20
KOREA SOUTH-EAST POWER INVITED BIDS FOR 390,000 MT OF THERMAL COAL FOR MAY-JUNE 2020 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN), has issued an international tender for total 390,000 Metric Tons of coal for May & June ...
Thursday, 12 March 20
INDIA 2019 THERMAL COAL IMPORTS RISE 12.6% TO NEARLY 200 MILLION TONNES - REUTERS
India’s thermal coal imports rose 12.6% to nearly 200 million tonnes in 2019, government data reviewed by Reuters showed, reflecting the seco ...
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- Wilmar Investment Holdings
- The University of Queensland
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Planning Commission, India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
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