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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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Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week.
The BDI was d ...
Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy
The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...
Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...
Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended 0700 hours 22 July 2013, Newcastle Port Corp. s ...
Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...
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- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- PTC India Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
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