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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, 09 January 19
SHIPPING MARKET INSIGHT - INERMODAL
Paraphrasing the words of a Chief economist in a latest report of the World Bank Group, the current state of the shipping market very much resemble ...
Tuesday, 08 January 19
GLOBAL TRADE GROWTH EXPECTED TO REMAIN AT HEALTHY IN 2019 - ALLIED
2019 is here and we find ourselves with new challenges for the shipping industry and the global economy as whole, with market prospects being neith ...
Monday, 07 January 19
THE NEWCASTLE BENCHMARK SPOT PRICE IS FORECAST TO DECLINE FROM AN ESTIMATED AVERAGE OF US$105 A TONNE IN 2018 TO US$74 A TONNE IN 2020 - DEPARTMENT OF INDUSTRY, AUSTRALIA
• The Newcastle benchmark spot price is forecast to decline from an estimated average of US$105 a tonne in 2018 to US$74 a tonne in 2020, prim ...
Monday, 07 January 19
INDONESIAN GOVERNMENT DECLARED COAL BENCHMARK PRICE FALLS FOR FIFTH STRAIGHT MONTH IN JANUARY 2019; LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Monday, 07 January 19
RUSSIA'S COAL PRODUCTION UP 5.9% TO 433.4 MLN TONNES IN 2018 - TASS
Coal production in Russia in 2018 increased by 5.9% year-on-year to 433.4 mln tonnes, according to the Central Dispatching Department of Fuel Energ ...
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- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- The University of Queensland
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
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