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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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Wednesday, 21 February 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2017 proved to be a relatively good year with positive margins for the Dry Bulk market. Especially during the last quarter of the year everyone can ...
Tuesday, 20 February 18
INDIA: COAL IMPORT RISES BY 12 PER CENT TO 18 MILLION TONNES IN JANUARY - PTI
The country’s coal import increased by 12.4 per cent to 18.49 million tonnes (MT) in January, against 16.
44 MT in the same month of the ...
Monday, 19 February 18
JOINT INSURANCE - WHY SHOULD YOU CARE? - SKULD
KNOWLEDGE TO ELEVATE
It is neither controversial nor new to say that co-assureds under a joint insurance policy cannot claim against each othe ...
Friday, 16 February 18
U.S. WEEKLY COAL OUTPUT DOWN 4.5 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Thursday, 15 February 18
INDIA: THERMAL POWER PLANTS UNDER STRESS ON RISING COAL, FREIGHT COSTS - BUSINESS STANDARD
Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Prices of thermal grade coal sin ...
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- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
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