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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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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
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- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- White Energy Company Limited
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- The University of Queensland
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Planning Commission, India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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