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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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Tuesday, 25 June 13
NEWCASTLE PORT SHIPPED OUT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,101,378 tons of coal for the week ended 0700 hours 24 June 2013, Newcastle Port Corp. ...
Monday, 24 June 13
INDONESIA COAL SWAP FOR AUGUST 2013 DELIVERY GAINS WEEK ON WEEK
COALspot.com – Coal prices for immediate supply contracts have started moving up, but prices for next year supply shows a negative trend ...
Sunday, 23 June 13
BDI CROSSED ITS PSYCHOLOGICAL BARRIER THIS WEEK - VISTAAR
COALspot.com : The BDI crossed the psychological barrier of 1000 points after many months and closed at 1,027 points, which were up by 14.11 pct wee ...
Sunday, 23 June 13
SHIP PRICES NOT FOLLOWING FREIGHT MARKET FUNDAMENTALS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although it's been the case in many occasions in the past, it appears that ship prices haven't been quite following freight market fundamentals, i ...
Friday, 21 June 13
U.S. COAL PRODUCTION INCREASED WEEK ON WEEK, EIA SAYS
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 19.70 million short tons (mmst) of ...
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- Medco Energi Mining Internasional
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- Global Coal Blending Company Limited - Australia
- The University of Queensland
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- International Coal Ventures Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
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- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
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- Petron Corporation, Philippines
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- Therma Luzon, Inc, Philippines
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- Aditya Birla Group - India
- Energy Development Corp, Philippines
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- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
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- Ministry of Finance - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Marubeni Corporation - India
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- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
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- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
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- Alfred C Toepfer International GmbH - Germany
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- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
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- Deloitte Consulting - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
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- Africa Commodities Group - South Africa
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- Indian Energy Exchange, India
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- Sical Logistics Limited - India
- Minerals Council of Australia
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- Metalloyd Limited - United Kingdom
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