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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, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- The University of Queensland
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
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