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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, 13 November 19
INDONESIAN NOVEMBER COAL PRICE REFERENCE LOGS FIRST GAIN SINCE AUGUST
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...
Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...
Monday, 11 November 19
EMINENT MARITIME ORGANIZATIONS AND INDIVIDUALS WERE HONORED
SHIPTEK 2019 Anchors in Greece for its 12th edition.
Eminent Maritime Organizations and Individuals were honored
Greec ...
Wednesday, 06 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
With less than two months before the end of the year, the shipping and refining industries have already taken measures and invested to accommodate ...
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- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- MS Steel International - UAE
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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