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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, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
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- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- The University of Queensland
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- PTC India Limited - India
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