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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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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marg ...
Saturday, 25 August 12
INDONESIAN COAL SWAP REMAINS STABLE AT LOW LEVEL
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery gain 0.804 percent W-o-W on Friday (24 August 2012) closing but lost 0. ...
Thursday, 23 August 12
INDONESIA-INDIA, LARGE ECO SUPRA FIXED AT USD 6K FOR DELIVERY SOUTH CHINA - FEARNLEYS AS
Handy
The market continued the same trend as last week, low activity and holidays in some countries.
Rate wise unchanged, with US Gulf/Continent ...
Thursday, 23 August 12
EGCO GROUP EXPANDS TOWARDS INTEGRATED ENERGY BUSINESS WITH INVESTMENT IN INDONESIAS COAL MINE
Electricity Generating Public Company Limited or EGCO Group, the Thailand’s first Independent Power Producer has continually invaded foreign m ...
Thursday, 23 August 12
EGCO GROUP ANNOUNCES 2 BILLION BAHT PROFITS IN Q2/2012
Successfully Establishes Integrated Energy Business and Strengthen Investments in ASEAN
Mr. Sahust Pratuknukul, President of Electri ...
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- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Planning Commission, India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
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