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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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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...
Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
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Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
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- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Planning Commission, India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
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