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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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Tuesday, 20 December 16
TRADE HAS FELT ITS BUMPS AND SHAKES THIS YEAR - GEORGE LAZARIDIS
Trade has felt its bumps and shakes this year, as growing populist protectionist and nationalist movements in the Western world start to take hold. ...
Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
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- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Economic Council, Georgia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Australian Coal Association
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
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