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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, 05 December 13
PANAMAX : THE FIRM TENDENCY CONTINUES - FEARNRESEARCH
Handy
It has been an active week for the Supramax and Handysize segment. USG is almost boiling and charterers looking to cover their December stems ...
Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
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- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- The University of Queensland
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
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