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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, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
Monday, 25 March 13
BUNKER FUELS ARE ABOUT TO GET CLEANER, BUT AT WHAT COST? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the w ...
Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 ...
Sunday, 24 March 13
FREIGHT MARKETS CONTINUED TO FIRM - VISTAAR
COALspot.com - This freight market continued to remain firm in all segments except for cape index which softened slightly.
The BDI was up by 4.60 ...
Sunday, 24 March 13
DRY BULK MARKET PROSPECTS OFFER ROOM FOR RESTRAINED OPTIMISM SAYS SHIP OWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its announcement regarding its annual performance, ship owner Frontline offered some useful insight on the future prospects of both the dry bulk ...
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- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
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