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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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Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...
Thursday, 26 September 19
INDIA INCREASES ITS ANNUAL COAL PRODUCTION BY 2.7% PER YEAR FROM 850 MILLION SHORT TONS IN 2018 TO 2 BILLION SHORT TONS BY 2050 - EIA
Worldwide coal production holds steady at about 8 billion short tons, or 160 quadrillion British thermal units (Btu), per year through 2040. Inc ...
Wednesday, 25 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
In the past five months there has been significant activity in the asset market with the dry bulk segment being by far the most volatile in terms o ...
Tuesday, 24 September 19
9TH ANNUAL SUPPLY CHAIN INNOVATION SUMMIT 2019 ASIA PACIFIC
Summit: 9th Annual Supply Chain Innovation Summit 2019 Asia Pacific
Host: Ace Events
Website: http: ...
Monday, 23 September 19
SUPRAMAX: THE ASIAN ARENA IT WAS A SLOW START, BUT DEMAND INCREASED AS THE WEEK WENT ON - BALTIC BRIEFING
Capesize
The market trended down over this past week, breaking the market out of its upward trending range. While the market traded sideways at ...
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- The University of Queensland
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Australian Coal Association
- Aditya Birla Group - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
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