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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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Wednesday, 11 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.07 PCT - XINHUA
China Taiyuan coal transaction price index stood at 133.16 points Monday, up 0.07 percent week on week.
The index, released by China ...
Wednesday, 11 March 20
SHIPPING MARKET INSIGHT - INTERMODAL
On the 4th of September the Baltic Dry Index marked its highest level for 2019, reaching 2,518 points, while the rest of the dry indices also recor ...
Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the st ...
Tuesday, 10 March 20
EIA FORECASTS U.S ELECTRIC POWER SECTOR DEMAND FOR COAL WILL FALL BY 81 MMST (15%) IN 2020
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019. According to EIA's Shor ...
Tuesday, 10 March 20
CORONAVIRUS: DEMAND DOWNGRADES FOR BULK COMMODITIES - WOOD MACKENZIE
The coronavirus outbreak is a rapidly evolving news story – and a real wildcard for bulks demand. Our global experts are monitoring the impac ...
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- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
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