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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, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
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