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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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- Minerals Council of Australia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Tamil Nadu electricity Board
- White Energy Company Limited
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
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