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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, 25 February 14
SGX'S MONTHLY VOLUMES DRASTICALLY INCREASED AND REACHED A RECORD OF 810K TONNES YEAR-ON-YEAR
COALspot.com: SGX Thermal Coal derivatives started the new year with record volumes in January on the back of higher volatility, says SGX.
Accord ...
Monday, 24 February 14
DRY BULK MARKET TO IMPROVE OVER THE COURSE OF 2014, BUT OVERSUPPLY STILL AN ISSUE SAYS BIMCO'S CHIEF SHIPPING ANALYST
As a gruelling first quarter edges closer to the end, dry bulk ship owners are looking at an improved second quarter demand, which, coupled with slo ...
Monday, 24 February 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR DELIVERY APRIL - JUNE 2014 SLIDES TO $ 58.60 PMT
COALspot.com – Indonesia, the world’s the largest exporter of the thermal coal's swaps for delivery April - June 2014 slide week ended ...
Monday, 24 February 14
Q1 2015 DELIVERY COAL SWAP CLOSED AT 2.62% HIGHER THAN Q2 2014 CLOSING SWAPS
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.68 percent month on month and closed at US$ 76.20 per mt as on Fr ...
Saturday, 22 February 14
SHIPPING POISED TO RALLY AFTER SEVERAL WEEKS OF DROP
COALspot.com: The freight market was steady to firm with the dry bulk index up by 6.24 pct closing at 1,175 points week on week and the cape index w ...
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- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
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