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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, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
Tuesday, 08 April 14
PORT OF NEWCASTLE SHIPPED 2.90 MMT OF POWER PLANT AND SEMI-SOFT COKING COAL IN A WEEK
COALspot.com: In the week ended 07:00 hours 7 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensla ...
Tuesday, 08 April 14
RBCT SHIPPED 53.79% MORE COAL IN MARCH 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 6.90 million to ...
Tuesday, 08 April 14
APRIL 2014 INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST SINCE JANUARY 2010
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down again the coal bench mark price by US$ 2.20 / MT to ...
Tuesday, 08 April 14
TALKING ABOUT A ONE-HORSE RACE - GEORGE LAZARIDIS
Ever since the onslaught of the financial crisis, China along with the other BRIICs, have played a pivotal role in supporting global economic gr ...
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- Toyota Tsusho Corporation, Japan
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- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- The University of Queensland
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- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
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- Gujarat Electricity Regulatory Commission - India
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- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
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- SMG Consultants - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
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- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Xindia Steels Limited - India
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- Energy Development Corp, Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
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