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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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Sunday, 02 December 18
TRADE WAR LEADING TO HEADWINDS FOR THE FRAGILE DRY BULK RECOVERY - PETER SAND, BIMCO
The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which ...
Friday, 30 November 18
GOVT MULLS REQUIRING MINERS TO TURN COAL INTO GAS - THE JAKARTA POST
The government is considering requiring all coal miners to turn the raw commodity into dimethylether (DME) as a substitute for liquefied petroleum ...
Friday, 30 November 18
SUPRAMAX: N. CHINA TO INDIA OR SE ASIA SUPRAS ARE GETTING PAID AROUND US$ 6000 - FEARNLEYS
Capesize
Sharp rise in spot activity and income, admittedly from very low levels, for the big ships. West Australia/China and Brazil/Far East b ...
Thursday, 29 November 18
NEW IMSBC CODE REQUIREMENTS AIM TO CONTROL LIQUEFACTION OF COAL CARGOES - GARD
KNOWLEDGE TO ELEVATE
The International Maritime Solid Bulk Cargoes (IMSBC) Code describes coal as a natural, solid, combustible material consi ...
Wednesday, 28 November 18
SHIPPING MARKET INSIGHT - GEORGE LAIOS
Last week I had the privilege to attend the SingularityU Greece Summit, in Athens. It was a privilege because you do not often have the chance to s ...
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- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
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