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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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Thursday, 31 December 15
2016 FOB NEWCASTLE COAL SWAP RALLY TO CLOSE AT $37.98/TON
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery rose another $1.48 per ton (4.05%) this past week compared to the sam ...
Wednesday, 30 December 15
FINAL DEALS OF THE YEAR TAKING PLACE, AS SHIP OWNERS PREPARE FOR 2016 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Holidays’ investment lull has taken a grip over the newbuilding and S&P market for second hand vessels, as shipbrokers are reporting ...
Tuesday, 29 December 15
CFR SOUTH CHINA COAL SWAPS ROSE MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.68 (1.64%) per ton month over month.
A commodity swap is ...
Monday, 28 December 15
Q2' 15 U.S. STEAM COAL EXPORTS TOTALED 7.0 MMST; DOWN 16.9% FROM Q1 2015 - EIA
COALspot.com: U.S. coal production during second quarter 2015 totaled 211.1 million short tons.
According to EIA’s preliminary quarterly ...
Monday, 28 December 15
NOVEMBER NEWCASTLE COAL EXPORTS DECLINED 11.87%; THE AVERAGE PRICE OF COAL EXPORTS ROSE 1.37%
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $1.120 billio ...
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- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
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