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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, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
Wednesday, 17 July 13
NEWCASTLE COAL EXPORTS FELL 3.85% ON WEEK
COALspot.com: Newcastle port in Australia has loaded 2,860,149 tons of coal for the week ended 0700 hours 15 July 2013, Newcastle Port Corp. s ...
Wednesday, 17 July 13
TORN BETWEEN A CREDIT CRUNCH AND SUSTAINABLE GROWTH - GEORGE DERMATIS
COALspot.com: In 2012 China expanded at a rate of 7.8%, its worst annual performance in 13 years, raising criticism over the newly appointed governm ...
Tuesday, 16 July 13
TAKE - OR - PAY CONTRACTS CONTINUE TO INCENTIVISE AUSTRALIAN COAL PRODUCERS DESPITE POTENTIAL NEGATIVE CASH MARGINS - WOOD MACKENZIE
Australia's coal production has continued to grow, despite lower coal prices in 2013. Global investors and suppliers are therefore questioning whet ...
Monday, 15 July 13
INDONESIAN GOVERNMENT HAS REVISED DOWN ITS JULY BENCH-MARK COAL PRICE TO US$ 81.69 PER MT
COALspot. com - Indonesian Coal Price Reference dropped 3.75 % and hitting a 2013 low. The Indonesian government has revised down its owned coal ben ...
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- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- The University of Queensland
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
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