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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, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
Monday, 03 February 14
API 8 CFR SOUTH CHINA COAL SWAP CONTRACTS FALL
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.71 percent month on month and closed at US$ 78.87 per mt as on Frid ...
Monday, 03 February 14
COAL FREIGHT RATES REMAIN UNDER PRESSURE
COALspot.com: The BDI is fell 50 pct over last one month which seems to be one of the lowest fall in last few years.
The BDI was down by 11 ...
Friday, 31 January 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 19.2 MMST W-O-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in ...
Friday, 31 January 14
DRY BULK MARKET STILL ON A FALL, EXPECTED TO WORSEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for indus ...
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- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
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