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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, 10 February 17
U.S. COAL OUTPUT IS ESTIMATED TO HAVE DECLINED BY 158 MMST IN 2016 TO 739 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Wednesday, 08 February 17
MARKET INSIGHT - PANOS MAKRINOS
The challenges the oil market has witnessed since the end of 2014 has resulted in a crisis for the global offshore oil and gas exploration industry ...
Tuesday, 07 February 17
WE ARE STILL RIDING ON A WAVE OF MARKET IMPROVEMENT, WITH THE GLOBAL TRADE OF MOST COMMODITIES STILL SHOWING SIGNS OF IMPROVING GROWTH - GEORGE LAZARIDIS
The end of 2016 came with a rejuvenated sentiment amongst most traders and investors, in part through the sigh of relief that 2016 was finally comi ...
Monday, 06 February 17
AFTER MONTHS OF GAINS, THE INDONESIAN GOVERNMENT DECLARED MONTHLY COAL BENCHMARK PRICE IS STEADILY DROPPING
COALspot.com: Over the past two months, the HBA of Indonesian thermal coal has dropped around 18.06 percent. It sank to $ 83.32 per ton for Februar ...
Monday, 06 February 17
THE FREIGHT MARKET CONTINUED ITS DOWNFALL IN ALL SEGMENTS
COALspot.com: Due to Lunar year holidays and celebration, the Freight market was declined in all segments week ending 27 January. The fall was cont ...
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- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Planning Commission, India
- PTC India Limited - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
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