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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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Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has ...
Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize
The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...
Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...
Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...
Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...
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- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
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