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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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Friday, 22 May 15
FOB INDONESIA COAL Q3'15 SWAP FINISHED THE WEEK UP 38 CENTS TO $43.65 PER MT
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, past week.
The Q3 swap was declined US$ ...
Friday, 22 May 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT AT 16 MMST
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.0 million short ...
Thursday, 21 May 15
PORT OF NEWCASTLE ACHIEVED ITS BEST EVER TOTAL COAL EXPORT TURNOVER OF 159 MILLION TONS IN 2014
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $900 million ...
Thursday, 21 May 15
ATLANTIC PANAMAX MARKET STARTED TO IMPROVE SLOWLY - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week on the green last week, purely on the back of improved Capesize performance, while the rest o ...
Wednesday, 20 May 15
LOWER PRICES SEEN IN NEWBUILDING MARKET ON LOW DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Cash-rich ship owners, or at least, owners with substantial access to financing will be among the prime candidates, who will reap the benefits of t ...
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- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
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