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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, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally durin ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Australian Coal Association
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
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