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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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Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...
Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
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- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
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