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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, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
&n ...
Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...
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- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Planning Commission, India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
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