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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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Monday, 09 June 14
INDO SUB-BIT COAL SWAPS FOR Q3,Q4 OF 2014 AND Q1 2015: LOST ON DAY AND MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 continue last week’s trend or lost on day, week and on month according to Asia ...
Monday, 09 June 14
API 8 CFR SOUTH CHINA COAL SWAP Q3 14 DELIVERIES LOST 4.61% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 4.61 percent month on month and closed at US$ 71.62 per mt a ...
Sunday, 08 June 14
DRY BULK MARKET RATES FOR PANAMXES TO REMAIN VOLATILE; NO IMPROVEMENTS SEEN OVER THE WEEK
COALspot.com: Cape index increase pushes BDI index to 989 points week on week. The BDI firmed up by 5.88 pct and closed at 989 points week ended 6 ...
Saturday, 07 June 14
EVERYTHING CHANGES, AND NOTHING ABIDES - HERACLITUS
A couple of weeks ago, and while everyone was focusing on the struggling freight market, Russia and China made history by signing a three-decade lo ...
Saturday, 07 June 14
FIRST BITE AT ANTI-CORRUPTION CLAUSE - BIMCO
In recent years a number of countries have introduced anti-corruption legislation which, unfortunately, fails to recognise the practical implicatio ...
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- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- PTC India Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
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