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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, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
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