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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, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
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- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
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