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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
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