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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, 15 June 15
API 5 FOB NEWCASTLE COAL SWAP: Q1'16 DELIVERY CLOSED 1.14% LOWER THAN Q4'15 DELIVERY PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 1.10 per MT (2.47%) month over month to US$ 45.67 per mt. The swap ...
Monday, 15 June 15
CFR SOUTH CHINA COAL SWAP: ROSE M-O-M; DECLINED W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.43 (2.82%) per MT month over month.
A commodity swap is a ...
Sunday, 14 June 15
THE FREIGHT MARKET FINISHED THE WEEK UP COMPARED TO LAST WEEK
COALspot.com: The freight market finished the week up compared to last week. All the segments except for Cape index were up. Cape segment was ...
Friday, 12 June 15
EXPECTATIONS IN REGARDS TO THE SUMMER SEASON VARY ACROSS THE MARKET - INTERMODAL
The Dry Bulk market closed off last slightly up last week, with the BDI re-gaining the 600 points level, while the driving force behind the increas ...
Friday, 12 June 15
U.S. PRODUCED 15.1 MMST OF COAL THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.1 million short ...
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- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- The University of Queensland
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bhatia International Limited - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
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