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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, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax
As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and pos ...
Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
Tuesday, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...
Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...
Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...
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Chamber of Mines of South Africa
Bukit Asam (Persero) Tbk - Indonesia
Gujarat Electricity Regulatory Commission - India
Petron Corporation, Philippines
Global Coal Blending Company Limited - Australia
Kepco SPC Power Corporation, Philippines
Merrill Lynch Commodities Europe
Semirara Mining Corp, Philippines
Energy Development Corp, Philippines
Siam City Cement - Thailand
Vizag Seaport Private Limited - India
Kalimantan Lumbung Energi - Indonesia
Ministry of Mines - Canada
Grasim Industreis Ltd - India
Renaissance Capital - South Africa
Karaikal Port Pvt Ltd - India
Eastern Energy - Thailand
Electricity Generating Authority of Thailand
Aboitiz Power Corporation - Philippines
The Treasury - Australian Government
South Luzon Thermal Energy Corporation
Xindia Steels Limited - India
Singapore Mercantile Exchange
McConnell Dowell - Australia
Cigading International Bulk Terminal - Indonesia
Madhucon Powers Ltd - India
LBH Netherlands Bv - Netherlands
Indonesian Coal Mining Association
PowerSource Philippines DevCo
Global Green Power PLC Corporation, Philippines
Therma Luzon, Inc, Philippines
Ambuja Cements Ltd - India
TeaM Sual Corporation - Philippines
Bukit Makmur.PT - Indonesia
Georgia Ports Authority, United States
Edison Trading Spa - Italy
Wilmar Investment Holdings
IHS Mccloskey Coal Group - USA
CNBM International Corporation - China
ICICI Bank Limited - India
Sarangani Energy Corporation, Philippines
Australian Coal Association
Agrawal Coal Company - India
Ministry of Transport, Egypt
Metalloyd Limited - United Kingdom
Larsen & Toubro Limited - India
Power Finance Corporation Ltd., India
Vedanta Resources Plc - India
Toyota Tsusho Corporation, Japan
Global Business Power Corporation, Philippines
Miang Besar Coal Terminal - Indonesia
OPG Power Generation Pvt Ltd - India
Directorate Of Revenue Intelligence - India
Kapuas Tunggal Persada - Indonesia
GVK Power & Infra Limited - India
Carbofer General Trading SA - India
Kobexindo Tractors - Indoneisa
SN Aboitiz Power Inc, Philippines
Salva Resources Pvt Ltd - India
Gujarat Sidhee Cement - India
Dalmia Cement Bharat India
Jorong Barutama Greston.PT - Indonesia
Parry Sugars Refinery, India
GN Power Mariveles Coal Plant, Philippines
Kartika Selabumi Mining - Indonesia
AsiaOL BioFuels Corp., Philippines
Siam City Cement PLC, Thailand
Gujarat Mineral Development Corp Ltd - India
Indo Tambangraya Megah - Indonesia
Borneo Indobara - Indonesia
Billiton Holdings Pty Ltd - Australia
Asia Pacific Energy Resources Ventures Inc, Philippines
International Coal Ventures Pvt Ltd - India
Interocean Group of Companies - India
Coalindo Energy - Indonesia
Dr Ramakrishna Prasad Power Pvt Ltd - India
Australian Commodity Traders Exchange
Petrochimia International Co. Ltd.- Taiwan
Energy Link Ltd, New Zealand
Ministry of Finance - Indonesia
Commonwealth Bank - Australia
Indogreen Group - Indonesia
Rio Tinto Coal - Australia
Bank of Tokyo Mitsubishi UFJ Ltd
Jaiprakash Power Ventures ltd
Mjunction Services Limited - India
Altura Mining Limited, Indonesia
Kohat Cement Company Ltd. - Pakistan
Eastern Coal Council - USA
Bayan Resources Tbk. - Indonesia
Kideco Jaya Agung - Indonesia
PTC India Limited - India
Oldendorff Carriers - Singapore
Samtan Co., Ltd - South Korea
Iligan Light & Power Inc, Philippines
Banpu Public Company Limited - Thailand
Ind-Barath Power Infra Limited - India
Krishnapatnam Port Company Ltd. - India
Straits Asia Resources Limited - Singapore
Malabar Cements Ltd - India
Bulk Trading Sa - Switzerland
CIMB Investment Bank - Malaysia
Tamil Nadu electricity Board
Central Electricity Authority - India
Standard Chartered Bank - UAE
Economic Council, Georgia
Essar Steel Hazira Ltd - India
Coal and Oil Company - UAE
Riau Bara Harum - Indonesia
Formosa Plastics Group - Taiwan
ASAPP Information Group - India
Sindya Power Generating Company Private Ltd
Asmin Koalindo Tuhup - Indonesia
Maharashtra Electricity Regulatory Commission - India
Parliament of New Zealand
Sinarmas Energy and Mining - Indonesia
Barasentosa Lestari - Indonesia
Timah Investasi Mineral - Indoneisa
Meenaskhi Energy Private Limited - India
Thai Mozambique Logistica
Vijayanagar Sugar Pvt Ltd - India
Truba Alam Manunggal Engineering.Tbk - Indonesia
London Commodity Brokers - England
Globalindo Alam Lestari - Indonesia
Attock Cement Pakistan Limited
Central Java Power - Indonesia
Coastal Gujarat Power Limited - India
VISA Power Limited - India
Africa Commodities Group - South Africa
Price Waterhouse Coopers - Russia
Dong Bac Coal Mineral Investment Coporation - Vietnam
Thiess Contractors Indonesia
Alfred C Toepfer International GmbH - Germany
Pipit Mutiara Jaya. PT, Indonesia
Neyveli Lignite Corporation Ltd, - India
Deloitte Consulting - India
Makarim & Taira - Indonesia
Wood Mackenzie - Singapore
The University of Queensland
Heidelberg Cement - Germany
Videocon Industries ltd - India
Mercator Lines Limited - India
Posco Energy - South Korea
Marubeni Corporation - India
Minerals Council of Australia
Bhatia International Limited - India
Savvy Resources Ltd - HongKong
Goldman Sachs - Singapore
Kaltim Prima Coal - Indonesia
Independent Power Producers Association of India
Chettinad Cement Corporation Ltd - India
Indika Energy - Indonesia
India Bulls Power Limited - India
European Bulk Services B.V. - Netherlands
Karbindo Abesyapradhi - Indoneisa
GMR Energy Limited - India
Bukit Baiduri Energy - Indonesia
Directorate General of MIneral and Coal - Indonesia
GAC Shipping (India) Pvt Ltd
Anglo American - United Kingdom
Latin American Coal - Colombia
Medco Energi Mining Internasional
Bangladesh Power Developement Board
Bhushan Steel Limited - India
Electricity Authority, New Zealand
Bharathi Cement Corporation - India
Cement Manufacturers Association - India
IEA Clean Coal Centre - UK
Binh Thuan Hamico - Vietnam
Antam Resourcindo - Indonesia
Uttam Galva Steels Limited - India
Sical Logistics Limited - India
Indian Energy Exchange, India
Orica Australia Pty. Ltd.
MS Steel International - UAE
The State Trading Corporation of India Ltd
Orica Mining Services - Indonesia
Sojitz Corporation - Japan
Sakthi Sugars Limited - India
Baramulti Group, Indonesia
Simpson Spence & Young - Indonesia
Port Waratah Coal Services - Australia
Jindal Steel & Power Ltd - India
Offshore Bulk Terminal Pte Ltd, Singapore
San Jose City I Power Corp, Philippines
New Zealand Coal & Carbon
Maheswari Brothers Coal Limited - India
SMG Consultants - Indonesia
Intertek Mineral Services - Indonesia
Bahari Cakrawala Sebuku - Indonesia
Kumho Petrochemical, South Korea
PNOC Exploration Corporation - Philippines
Pendopo Energi Batubara - Indonesia
PetroVietnam Power Coal Import and Supply Company
Rashtriya Ispat Nigam Limited - India
Manunggal Multi Energi - Indonesia
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Planning Commission, India
Romanian Commodities Exchange
Holcim Trading Pte Ltd - Singapore
Semirara Mining and Power Corporation, Philippines
Aditya Birla Group - India
Bhoruka Overseas - Indonesia
Trasteel International SA, Italy
Lanco Infratech Ltd - India
Mintek Dendrill Indonesia
White Energy Company Limited
TNB Fuel Sdn Bhd - Malaysia
SMC Global Power, Philippines
Meralco Power Generation, Philippines
Indian Oil Corporation Limited
Ceylon Electricity Board - Sri Lanka
Tata Chemicals Ltd - India
Leighton Contractors Pty Ltd - Australia
Star Paper Mills Limited - India
Mercuria Energy - Indonesia
Sree Jayajothi Cements Limited - India