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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, 17 December 14
MARKET INSIGHT - INTERMODAL SHANGHAI, SNP TEAM
As the end of the fourth quarter is approaching, we are all witness to the second hand market prices softening day by day. Any new deal surfacing t ...
Tuesday, 16 December 14
THIS PRICE IS A STEAL - EVA TZIMA
COALspot.com: Despite concerns that the slowdown of the Chinese economy would affect imports of iron ore, it seems that this has not been the case ...
Tuesday, 16 December 14
FOB RICHARDS BAY COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT US$ 65.60 PMT
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 0.18 (-0.27%) month on month ...
Tuesday, 16 December 14
SUB-BIT FOB INDONESIA COAL SWAP CONTINUES ITS FALL
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 1.7 ...
Monday, 15 December 14
WILL TANKERS BENEFIT FROM REEMERGENCE OF FLOATING STORAGE PLAYS? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market has been seeing high freight rates for some time now, riding on the back of low oil prices, which are boosting demand from develo ...
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- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
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