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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, 14 December 15
CFR SOUTH CHINA COAL SWAP IS STILL SLIDING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 0.93(2.18%) per ton month over month.
A commodity swap ...
Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
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- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- The University of Queensland
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
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