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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, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...
Monday, 17 April 17
THE PANAMAX INDEX (BPI) ROSE (12.89%) WEEK OVER WEEK
COALspot.com: The Freight market was firm, week over a week as all segments show a positive upward trend this past week.
The Baltic Exchange, ...
Monday, 17 April 17
U.S. WEEKLY COAL OUTPUT FELL 5% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
Thursday, 13 April 17
OPEC OVER-DELIVERS ON OIL CUTS, BUT SEES RIVALS' OUTPUT RISING
Crude Oil Price Movements
The OPEC Reference Basket averaged $50.32/b in March, representing a decline of 5.7% from the previous month. Crude fut ...
Wednesday, 12 April 17
THE PORT OF NEWCASTLE SHIPPED 13.791 MILLION TONS OF COAL IN MARCH 2017
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,688.5 ...
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- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- The University of Queensland
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
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