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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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Sunday, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
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- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- London Commodity Brokers - England
- Planning Commission, India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
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