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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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Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...
Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...
Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...
Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy
The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...
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- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
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