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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, 16 March 17
CAPESIZE: SHOWING STRENGTH; PANAMAX: VERY QUIET - FEARNLEYS
Supramax
The Atlantic market faced less activity from the USG whereas at the Cont tonnage seemed to tighten up with more cargoes emerging. Despit ...
Wednesday, 15 March 17
SHIPPING MARKET INSIGHT - GEORGE PANAGOPOULOS
Over the past two weeks, the Dry Baltic Index has been on an upward trend, breaking the 1000 point mark and creating a positive sentiment for the u ...
Tuesday, 14 March 17
ORDERBOOK-TO-FEET RATIO DECREASING; THE FREIGHT MARKET IMPROVING
It seems as though the renewed optimism that has arisen from the recent upward trends being noted in the freight market, the dry bulk market has be ...
Monday, 13 March 17
PORT OF NEWCASTLE HAS SHIPPED 11.563 MILLION TONS COAL IN FEBRUARY 2017; DECLINED 12.19 PERCENT M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export ports has shipped $AU 1,4 ...
Monday, 13 March 17
INDO - INDIA COAL FREIGHT RATES STAY FIRM
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
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- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
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