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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, 28 September 15
CAPESIZE FLEET INCREASES BY JUST 1 VESSEL DURING LAST 12 MONTHS, IN POSITIVE SIGN FOR DRY BULK SHIPPING MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
After a rather tumultuous period, the shipping industry and more particular the dry bulk market has started to adjust to the new realities of globa ...
Monday, 28 September 15
Q1'16 CFR SOUTH CHINA COAL SWAP ROSE 2.73 PER CENT M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery moved upward US$ 1.45 (3.04 %) per ton month over month.
A commodity ...
Sunday, 27 September 15
THE PANAMAX INDEX FELL 1.19 PCT WEEK OVER WEEK
COALspot.com: The BDI closed Friday (25/09/2015) at 943 points, down by 17 points compared to previous Friday closing (18/09/2015). The BDI wa ...
Friday, 25 September 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING SEPTEMBER 19 ROSE 2.5% PER CENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Wednesday, 23 September 15
CAPESIZE: SPOT RATES HAVE INCREASED MORE THAN 70 PER CENT DURING LAST WEEK
Dry Bulk owners, always look at September as the time that the market “signals” what lies ahead for the remainder of the year. The Chin ...
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- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Malabar Cements Ltd - India
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