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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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Thursday, 26 February 15
DRY BULK MARKET LOOKING FOR POSITIVE MOMENTUM, BUT PROSPECTS REMAIN DIM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the Baltic Dry Index (BDI) inched a bit higher over the past couple of sessions and the Chinese are returning to the market after a week long hi ...
Wednesday, 25 February 15
PORT OF NEWCASTLE SHIPPED 13.16MT OF COAL IN JANUARY; DECLINED 16.70% FROM A MONTH AGO
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.15 billio ...
Wednesday, 25 February 15
BDI SLIPPING ONCE MORE TO FRESH HISTORICAL LOWS
COALspot.com: With the BDI slipping once more to fresh historical lows and the Chinese holidays underway, signs for a positive reversal in the Dry ...
Tuesday, 24 February 15
FOB INDONESIA COAL SWAP SET TO RALLY
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose week over week and month on month.
The Q2 swap increased US$ 3.30 (+7.30%) ...
Tuesday, 24 February 15
Q3' FOB RICHARDS BAY COAL SWAP CLOSED $59.80 W/E 20 FEB
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month and decline week on week.
The Q2 swap has soar ...
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- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
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