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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, 18 January 16
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 42.50 PER TON; UP 1% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.43 (1.02%) per ton month over month.
A commodity swap is ...
Friday, 15 January 16
FOB INDONESIA COAL SWAPS FIRM SLIGHTLY LAST WEEK
COALspot.com: Indonesian coal swap delivery Q1 2016 declined month over month and week over week.
According to AsiaClear OTC coal swap's r ...
Friday, 15 January 16
SHIPPING: 2016 STARTED WITH MISERY ACROSS THE BOARD FOR SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As one would have expected, the dry bulk market starter the new year where it left off in 2015, plunging to never seen before depths, as the market ...
Friday, 15 January 16
U.S. WEEKLY COAL PRODUCTION ROSE ACROSS ALL BASINS: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 14 January 16
FOB RICHARDS BAY COAL SWAP FOR Q3 DELIVERY CLOSED $5.90 LOWER THAN Q1 PRICE
COALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap up month over month and week over week.
The Q1’ 2016 FOB Richards Bay Coal ...
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- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
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