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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, 15 April 16
U.S WEEKLY COAL OUTPUT FALLS ACROSS ALL BASINS - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.2 million short tons (mm ...
Thursday, 14 April 16
AUSTRALIAN MINING SERVICES SECTOR SQUEEZED BY MINERS' COST CUTS - FITCH RATINGS
Fitch Ratings says mining services companies' revenues and margins will remain under pressure as miners continue to focus on reducing costs ami ...
Thursday, 14 April 16
DRY BULKERS' PRICES COULD BE HEADING UPWARDS AS BUYERS' APPETITE INCREASES - HELLENIC SHIPPING NEWS
Investment sentiment is beginning to trend upwards in the market for second hand dry bulk carriers. According to the latest weekly report from ship ...
Wednesday, 13 April 16
U.S COAL PRODUCTION IS EXPECTED TO DECREASE BY 16 PER CENT IN 2016; THE LARGEST ANNUAL PERCENTAGE DECLINE SINCE 1958 - EIA
EIA estimates that U.S. coal production in March 2016 was 52 million short tons (MMst), a 2 MMst (4%) decrease from the previous month and 29 MMst ...
Tuesday, 12 April 16
INDONESIA COAL BENCHMARK PRICE INCREASES FOR SECOND STRAIGHT MONTH
COALspot.com: The Indonesia Coal Benchmark Price Increases For Second Straight Month in April 2016.
The Director General of Mine ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
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