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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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Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates
Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...
Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize
The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...
Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...
Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE
Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...
Wednesday, 12 June 19
KOSPO INVITES BIDS FOR 140,000 MT OF 4,600 NCV COAL FOR SEP. 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 140,000 MT of minimum 4,600 kcal/kg NCV coal ...
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- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- The University of Queensland
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
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