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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, 25 December 13
SHIPPING : AS FAR AS THIS CYCLE IS CONCERNED, 'WE HAVE SEEN THE WORST....!' - JOHN N. COTZIAS
In a week’s time the year comes to an end. Having been a speaker in two seminars over the past 5 days I was able to see the year ending trends ...
Tuesday, 24 December 13
AUSTRALIAN NEWCASTLE PORT'S WEEKLY COAL EXPORTS UP 11.46% W-W
COALspot.com: In the week ended December 23, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.84 ...
Tuesday, 24 December 13
SGX HAS LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore Exchange (SGX) has announced the launch of freight future yesterday.
According to SGX’s press release, SGX has laun ...
Monday, 23 December 13
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q1' 14 CLOSED AT $ 82.80
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 2.97 percept month on month as on Friday 20 December 2013. ...
Sunday, 22 December 13
Q1' 14 DELIVERY COAL SWAPS CLOSING HIGH COMPARED TO Q4' 14 DELIVERY CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 1.31 pmt month on month on Friday 20 December 2013 ...
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- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
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