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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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Monday, 29 October 18
IMPLEMENTATION OF SULPHUR 2020 LIMIT - CARRIAGE BAN ADOPTED - IMO
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Mari ...
Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
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- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
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- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
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- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
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- Salva Resources Pvt Ltd - India
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- New Zealand Coal & Carbon
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- Bangladesh Power Developement Board
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- Energy Development Corp, Philippines
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- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Planning Commission, India
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- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Australian Coal Association
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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