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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, 09 December 13
SOUTH AFRICA'S RICHARDS BAY COAL EXPORTS IN NOVEMBER DECLINED 14.43% M-M
COALspot.com: South Africa's Richards Bay coal terminal exported 6.224 million tonnes of coal in November, declining by 1.05 million tons from the ...
Monday, 09 December 13
SUB-BIT INDONESIA COAL SWAP FOR Q3' 14 DELIVERY CLOSED $ 0.57 LESSER THAN Q1 CLOSING
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.49 pmt month on month on Friday 6 Decembe ...
Sunday, 08 December 13
SOUTH CHINA COAL SWAPS SHOW A DECLINE TREND IN Q2 & Q3' 14
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 6.76 percept month on month as on Friday 6 December 2013. T ...
Sunday, 08 December 13
RBCT SHIPPED 63.446 MMT OF COALS YTD
COALspot.com - Richards Bay Coal Terminal (RBCT), the world's single largest coal terminal has shipped 63,446,232 mt of coals YTD, according to por ...
Saturday, 07 December 13
SUPRAMAX SHIPS FOR EC INDIA TO CHINA ROUTE BEING FIXED AT AROUND US$ 13K - SOLYM
COALspot.com: The freight market continued to be firm due to high Iron ore demand. The cape index was up by almost 25 pct this week. The grain seaso ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
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