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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, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
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- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
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