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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, 16 May 19
SUPRAMAX: INDO/CHINA COAL RV TRADING AROUND US$ 9,000 BSS S.CHINA DELIVERY - FEARNLEYS
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This volatile segment is trying to find a clear direction from the present US$ 12,000/day earnings for standard units says Fearnleys W ...
Wednesday, 15 May 19
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
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As of May 1st, the U.S. has ended waivers to the sanctions that had allowed the top buyers of Irani ...
Monday, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Monday, 13 May 19
SUPRAMAX: SOUTHEAST ASIA THE MARKET SAW BETTER DEMAND - BALTIC BRIEFING
Cape
The market continued its rollercoaster ride last week opening with negative sentiment, but turning around in dramatic fashion by the week& ...
Thursday, 09 May 19
DEEP OFFSHORE SOUTHEAST ASIA CONGRESS 2019
Deep Offshore Southeast Asia Congress 2019
Event Date:2-3th July. 2019t
Location: Jakarta, Indonesia
Sarawak Shell Berhad (S ...
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- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- SMC Global Power, Philippines
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
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