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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, 21 September 15
KOMIPO OF KOREA INVITES BIDS FOR BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 390,000 Metric Tons (MT) of minimum 4,600 kcal ...
Sunday, 20 September 15
BALTIC CAPE INDEX ROSE 66.52 PER CENT AND STAND NOW AT 1995 POINTS
COALspot.com: The BDI (Baltic Dry Index) rose 17.35 per cent week over week to 960 points on Friday mainly driven by the Capesize segment. The Cape ...
Friday, 18 September 15
SHIPPING AND THE FED RATE DECISION: FINANCING COSTS COULD RISE EVEN HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Regardless of the FED’s decision to raise rates, shipping stands to be influenced by the decision. Shipbroker Allied Shipbroking noted this w ...
Friday, 18 September 15
U.S. COAL PRODUCTION DECLINED 6.7 PER CENT W-W: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.4 million shor ...
Thursday, 17 September 15
COALSPOT HAS LAUNCHED NEW THERMAL COAL INDICES FOR INDONESIAN COAL
COALspot.com has today launched real-time CS (i) Coal Indices.
The Indices represents 3800 kcal/kg GAR, 4200 kcal/kg GAR, 5000 kcal/kg GAR a ...
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- PTC India Limited - India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
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