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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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Wednesday, 26 December 12
SHIP OWNERS WRAP UP NEWBUILDING DEALS PRIOR TO YEAR END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the year inches closer and closer to its end, many ship owners are looking to close deals for newbuilding vessels they have been negotiating duri ...
Monday, 24 December 12
CONSTITUTIONAL COURT DECISION MAY FURTHER DELAY THE ISSUANCE OF NEW MINING BUSINESS LICENCES - TJEN SHE SIUNG
COALspot.com - In November 2012 the Constitutional Court of Indonesia issued a decision on amendments to certain provisions under the Mining Law No. ...
Monday, 24 December 12
BUNKER PRICES TO CONTINUE RISING, ALBEIT IN A SLOWER MODE, DURING THE NEXT FEW YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEW
In a recent report, US-based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years, as thi ...
Sunday, 23 December 12
Q4' 2013 CFR SOUTH CHINA COAL SWAP, US$ 3.40 HIGHER COMPARED TO Q1' 2013 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 1.94 percent M-M and WoW by 1.57percent but lost 0.35 ...
Saturday, 22 December 12
SECOND HAND VESSELS ENJOY HIGH DEMAND AS PRICES ARE ATTRACTIVE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the year is closing to its end, activity in the second hand vessel market has been more than high. Ship owners are looking to ...
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- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- White Energy Company Limited
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
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