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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, 25 December 18
FUEL QUALITY AND SAFETY IN IMO CONVENTIONS: A GROWING CHALLENGE, EVEN PRIOR TO 1 JANUARY 2020 - IUMI
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality a ...
Monday, 24 December 18
DRY BULK MARKET: CAPESIZE MARKET ON BACKFOOT AS 2018'S END DRAWS NEAR - THE BALTIC BRIEFING
Capesize
Panic set in in the East as the holiday season approaches, with owners chasing rates lower. Rates on the key West Australia/China route ...
Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An al ...
Thursday, 20 December 18
INDONESIAN COAL PRICES DIVERGE FROM KEY BENCHMARK - FITCH RATINGS
The Newcastle 6,000kcal coal price benchmark that is widely used to determine most coal price estimates for Indonesian coal miners has increasingly ...
Wednesday, 19 December 18
CHINA'S IMPORT RESTRICTIONS ON COAL SPOILS THE PARTY FOR PANAMAXES - DREWRY
The Chinese government’s objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Pa ...
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- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- PTC India Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
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