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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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Thursday, 20 February 14
LENGTHY DELAYS TO PANAMA CANAL EXPANSION POSE GLOBAL TRADE RISKS; US COAL PRODUCERS TO GREATLY BENEFIT ONCE COMPLETE, SAYS WOOD MACKENZIE
Wood Mackenzie expects the recent cost overrun disputes around the Panama Canal expansion to be resolved with limited disruption due to the signific ...
Thursday, 20 February 14
SUPRAMAX: IN ASIA IS IMPROVING SIGNIFICANTLY AND TURNED FROM APS TO DOP MARKET
Handy
The activity is back in the market after Chinese holidays. Supramax in Asia is improving significantly and turned from APS to DOP market. We ...
Wednesday, 19 February 14
NEWCASTLE PORT SHIPPED 30% MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 17 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Tuesday, 18 February 14
PERUVIAN HIGH COMMISSIONER FOR MINING AFFAIRS WILL BE KEY NOTE SPEAKER AT THE COLOMBIAN COAL CONFERENCE 2014
Press Release: The High Commissioner for Mining Affairs in the Presidency of the Peruvian Council of Ministers, General (R) Daniel Urresti Elera, ha ...
Monday, 17 February 14
US COAL PRODUCTION IN 2013 FELL TO ITS LOWEST LEVEL IN 20 YEARS
COALspot.com: U.S coal production for 2013 totaled an estimated 996 million short tons (MMst), 21 MMst (2%) lower than in 2012. It is the first time ...
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- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Australian Coal Association
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