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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, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with rece ...
Friday, 07 February 20
CIL LOOKING TO TAP NON-POWER SECTORS FOR INCREMENTAL COAL, PTI REPORTED
The miner is looking to ramp up production to meet its targets for the current fiscal at a time when the economic slowdown is impacting demand for ...
Friday, 07 February 20
VIRUS - HIT CHINA MAY NEED MORE IMPORTS OF COAL. NOW COMES THE TRICKY PART - SHIPPING IT THERE: REUTERS
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation th ...
Friday, 07 February 20
CORONAVIRUS IMPACTING THE GLOBAL SHIPPING INDUSTRY - BIMCO
The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. T ...
Thursday, 06 February 20
CAPE: WEAK SUPPLY/DEMAND RATIO THE STREETS REMAIN BLOODY FOR THE BIG SHIPS - FEARNLEYS
Cape: With still a weak supply/demand ratio the streets remain bloody for the big ships, and actual spot earnings are close to zero on main short-h ...
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- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Australian Coal Association
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- GMR Energy Limited - India
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