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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, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
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- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
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