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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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Friday, 17 August 18
MALAYSIA'S MANJUNG 4 - WORLD COAL ASSOCIATION
According to the IEA’s Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years ...
Thursday, 16 August 18
COAL PRODUCTION AT 37.11 PERCENT OF FULL-YEAR TARGET - THE JAKARTA POST
Indonesian coal production was recorded at 180 million tons on Wednesday, or 37.11 percent of the government’s 485 million target this year.
...
Thursday, 16 August 18
OIL MARKET HIGHLIGHTS - OPEC
Crude Oil Price Movements
In July, the OPEC Reference Basket increased marginally by 5¢ m-o-m to settle at $73.27/b. Oil futures saw mixed ...
Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself ...
Monday, 13 August 18
A 50,200 DWT FIXED DELIVERY SINGAPORE TRIP VIA INDONESIA REDELIVERY CHINA IN THE LOW $10,000S - THE BALTIC BRIEFING
Capesize
Expectations of a further push in the market were largely unfulfilled last week as rates come under pressure in Asia as the North Atla ...
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- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
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