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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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Monday, 12 September 16
THE CAPE MARKET HAS GAINS ON WEEK; THE CAPE INDEX SETTLING AT 1566 POINTS ON FRIDAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week. The BD ...
Friday, 09 September 16
U.S. WEEKLY COAL OUTPUT DECLINED SLIGHTLY TO 16.1 MMST, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 09 September 16
CAPESIZE: THE SENTIMENT IS SOLID, SAYS FEARNLEYS
Supramax
A quiet start with Labour Day celebrations in the United States leading to very little being reported from the Atlantic basin. Supramaxe ...
Thursday, 08 September 16
U.S. COAL EXPORTS IN JUNE 2016 UP 29% COMPARED TO MAY 2016, SAYS EIA
U.S. coal production in August was 71 million short tons (MMst), which is 6 MMst (9%) higher than in the previous month and 12 MMst (14%) lower tha ...
Wednesday, 07 September 16
WEEKLY MARKET (TANKER) REPORT - INTERMODAL
What goes around comes around! The Shipping industry is infamous for its seasonality and cyclicality and the tanker sector is no exception to these ...
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- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
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