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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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Tuesday, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
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