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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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Wednesday, 20 May 15
TANKER MARKET INSIGHT - JOHN N. COTZIAS
Since Early October 2014 the tanker market has been experiencing a very positive momentum and has continued its strong performance so far in 2015. ...
Wednesday, 20 May 15
FOB RICHARDS BAY COAL SWAPS GAINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 increased month over month and week over week.
The Q3 swap has increas ...
Wednesday, 20 May 15
BUKIT ASAM'S AVERAGE EXPORT PRICE WAS UNDER PRESSURE DURING Q1
COALspot.com: Indonesia’s state owned coal producer saw their profits fall in the first quarter of the year compared to the same period last ...
Wednesday, 20 May 15
IRON ORE PRICES TO REMAIN WEAK ON LOW DEMAND, HIGH OUTPUT - FITCH
Iron ore prices will stay low for several years due to increasing supply, weak demand growth in China and the slower-than-expected closure of high- ...
Tuesday, 19 May 15
KOMIPO IS SEEKING TOTAL 2.34 MMT OF HCV AND LCV COAL FOR 2015 - 2017
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 2.34 million Metric Tons (MT) of HCV ...
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- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
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