COALspot.com keeps you connected across the coal world
  • DEC 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.30 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 04 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
Dry bulk freight rates rebounded last week, a development that came as a relief following the recent negative sentiment that prevailed in the marke ...


Wednesday, 04 December 19
INDONESIA REVIEWING RULES MANDATING COAL SALES TO LOCAL BUYERS: OFFICIAL - REUTERS
Indonesia is reviewing rules that require coal miners to sell a portion of their coal to local buyers, a government official said on Monday, as sup ...


Tuesday, 03 December 19
STABILITY AND COMPATIBILITY OF VERY LOW SULPHUR FUEL OILS - GARD
In order to meet increasing restrictions on the sulphur content in marine fuel as defined by MARPOL Annex VI Regulation 14.1.3, the characteristics ...


Monday, 02 December 19
COAL PRODUCTION IN INDIA UP BY 164.58 MT IN 5 YEARS - BUSINESS LINE
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Aff ...


Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...


   1 2 3 4 5   
Showing 11 to 15 news of total 5624
News by Category
Popular News
 
Total Members : 26,661
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bharathi Cement Corporation - India
  • Indonesia Power. PT
  • Merrill Lynch Commodities Europe
  • Coaltrans Conferences
  • Kaltim Prima Coal - Indonesia
  • Maersk Broker
  • Mintek Dendrill Indonesia
  • Riau Bara Harum - Indonesia
  • GHCL Limited - India
  • Sree Jayajothi Cements Limited - India
  • Salva Resources Pvt Ltd - India
  • Humpuss - Indonesia
  • Sical Logistics Limited - India
  • Bangladesh Power Developement Board
  • Runge Indonesia
  • Moodys - Singapore
  • Ministry of Mines - Canada
  • Australian Commodity Traders Exchange
  • White Energy Company Limited
  • Adaro Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Samsung - South Korea
  • Rudhra Energy - India
  • Tanito Harum - Indonesia
  • Standard Chartered Bank - UAE
  • CoalTek, United States
  • Gujarat Electricity Regulatory Commission - India
  • Merrill Lynch Bank
  • The Treasury - Australian Government
  • OCBC - Singapore
  • JPower - Japan
  • Carbofer General Trading SA - India
  • VISA Power Limited - India
  • Tata Chemicals Ltd - India
  • Mitsui
  • UBS Singapore
  • Port Waratah Coal Services - Australia
  • Permata Bank - Indonesia
  • Parry Sugars Refinery, India
  • Coal Orbis AG
  • Xstrata Coal
  • Binh Thuan Hamico - Vietnam
  • PowerSource Philippines DevCo
  • Siam City Cement - Thailand
  • Ministry of Transport, Egypt
  • Asian Development Bank
  • Gujarat Mineral Development Corp Ltd - India
  • London Commodity Brokers - England
  • Adani Power Ltd - India
  • Eastern Energy - Thailand
  • Central Java Power - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • RBS Sempra - UK
  • Alfred C Toepfer International GmbH - Germany
  • Mercator Lines Limited - India
  • Cement Manufacturers Association - India
  • Dalmia Cement Bharat India
  • Medco Energi Mining Internasional
  • Kapuas Tunggal Persada - Indonesia
  • Formosa Plastics Group - Taiwan
  • Freeport Indonesia
  • Thermax Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • IEA Clean Coal Centre - UK
  • Vale Mozambique
  • GB Group - China
  • Pinang Coal Indonesia
  • Malabar Cements Ltd - India
  • TeaM Sual Corporation - Philippines
  • U S Energy Resources
  • Videocon Industries ltd - India
  • Latin American Coal - Colombia
  • Leighton Contractors Pty Ltd - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • KOWEPO - South Korea
  • Lafarge - France
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Samtan Co., Ltd - South Korea
  • JPMorgan - India
  • Meenaskhi Energy Private Limited - India
  • Madhucon Powers Ltd - India
  • Savvy Resources Ltd - HongKong
  • International Coal Ventures Pvt Ltd - India
  • Qatrana Cement - Jordan
  • Indogreen Group - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Bank of America
  • Borneo Indobara - Indonesia
  • Bulk Trading Sa - Switzerland
  • Cemex - Philippines
  • Noble Europe Ltd - UK
  • Interocean Group of Companies - India
  • Kobe Steel Ltd - Japan
  • Power Finance Corporation Ltd., India
  • Russian Coal LLC
  • NALCO India
  • EIA - United States
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Ernst & Young Pvt. Ltd.
  • Peabody Energy - USA
  • Bhatia International Limited - India
  • Mercuria Energy - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Indo Tambangraya Megah - Indonesia
  • LBH Netherlands Bv - Netherlands
  • ICICI Bank Limited - India
  • European Bulk Services B.V. - Netherlands
  • Mechel - Russia
  • Indian Oil Corporation Limited
  • Jindal Steel & Power Ltd - India
  • J M Baxi & Co - India
  • Platou - Singapore
  • Vedanta Resources Plc - India
  • KPCL - India
  • OPG Power Generation Pvt Ltd - India
  • Coastal Gujarat Power Limited - India
  • CIMB Investment Bank - Malaysia
  • Straits Asia Resources Limited - Singapore
  • IHS Mccloskey Coal Group - USA
  • GAC Shipping (India) Pvt Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Price Waterhouse Coopers - Russia
  • Edison Trading Spa - Italy
  • The India Cements Ltd
  • Orica Mining Services - Indonesia
  • Inco-Indonesia
  • Aboitiz Power Corporation - Philippines
  • Deutsche Bank - India
  • Energy Link Ltd, New Zealand
  • Kumho Petrochemical, South Korea
  • Bhushan Steel Limited - India
  • Mjunction Services Limited - India
  • Panama Canal Authority
  • Wilmar Investment Holdings
  • Coalindo Energy - Indonesia
  • TANGEDCO India
  • PTC India Limited - India
  • ASAPP Information Group - India
  • Independent Power Producers Association of India
  • IMC Shipping - Singapore
  • Siam City Cement PLC, Thailand
  • PLN Batubara - Indonesia
  • Ministry of Finance - Indonesia
  • ACC Limited - India
  • Larsen & Toubro Limited - India
  • Maybank - Singapore
  • Rio Tinto Coal - Australia
  • Essar Steel Hazira Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Eastern Coal Council - USA
  • Uttam Galva Steels Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bhoruka Overseas - Indonesia
  • Idemitsu - Japan
  • Metalloyd Limited - United Kingdom
  • SMG Consultants - Indonesia
  • Orica Australia Pty. Ltd.
  • Africa Commodities Group - South Africa
  • ANZ Bank - Australia
  • TNPL - India
  • Agrawal Coal Company - India
  • Marubeni Corporation - India
  • BNP Paribas - Singapore
  • Total Coal South Africa
  • Platts
  • Ince & co LLP
  • KEPCO - South Korea
  • Fearnleys - India
  • Sojitz Corporation - Japan
  • India Bulls Power Limited - India
  • GVK Power & Infra Limited - India
  • Sindya Power Generating Company Private Ltd
  • Bayan Resources Tbk. - Indonesia
  • Singapore Mercantile Exchange
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • McConnell Dowell - Australia
  • EMO - The Netherlands
  • GMR Energy Limited - India
  • Vitol - Bahrain
  • Billiton Holdings Pty Ltd - Australia
  • MS Steel International - UAE
  • Thailand Anthracite
  • Bank of China, Malaysia
  • WorleyParsons
  • MEC Coal - Indonesia
  • Indian School of Mines
  • CNBM International Corporation - China
  • SUEK AG - Indonesia
  • Infraline Energy - India
  • New Zealand Coal & Carbon
  • NTPC Limited - India
  • Renaissance Capital - South Africa
  • Arutmin Indonesia
  • Toyota Tsusho Corporation, Japan
  • Grasim Industreis Ltd - India
  • World Bank
  • Argus Media - Singapore
  • Lanco Infratech Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • TNB Fuel Sdn Bhd - Malaysia
  • Petrochimia International Co. Ltd.- Taiwan
  • Vijayanagar Sugar Pvt Ltd - India
  • Goldman Sachs - Singapore
  • Thai Mozambique Logistica
  • Banpu Public Company Limited - Thailand
  • Kideco Jaya Agung - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • ING Bank NV - Singapore
  • Core Mineral Indonesia
  • Georgia Ports Authority, United States
  • Kartika Selabumi Mining - Indonesia
  • Antam Resourcindo - Indonesia
  • Thomson Reuters GRC
  • Coal and Oil Company - UAE
  • Rashtriya Ispat Nigam Limited - India
  • Tata Power - India
  • Coal India Limited
  • SGS (Thailand) Limited
  • Maruti Cements - India
  • Makarim & Taira - Indonesia
  • Commonwealth Bank - Australia
  • IBC Asia (S) Pte Ltd
  • Planning Commission, India
  • Romanian Commodities Exchange
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • The University of Queensland
  • Parliament of New Zealand
  • Tamil Nadu electricity Board
  • Cargill India Pvt Ltd
  • globalCOAL - UK
  • Clarksons - UK
  • Australian Coal Association
  • Gresik Semen - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Oldendorff Carriers - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Bukit Baiduri Energy - Indonesia
  • Mitsubishi Corporation
  • Chamber of Mines of South Africa
  • Intertek Mineral Services - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Indika Energy - Indonesia
  • Bangkok Bank PCL
  • Barclays Capital - USA
  • Shenhua Group - China
  • Maheswari Brothers Coal Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • CCIC - Indonesia
  • South Luzon Thermal Energy Corporation
  • Geoservices-GeoAssay Lab
  • Inspectorate - India
  • Enel Italy
  • Kobexindo Tractors - Indoneisa
  • Indonesian Coal Mining Association
  • bp singapore
  • Deloitte Consulting - India
  • UOB Asia (HK) Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • Heidelberg Cement - Germany
  • Gupta Coal India Ltd
  • Pendopo Energi Batubara - Indonesia
  • Trasteel International SA, Italy
  • Jatenergy - Australia
  • Petrosea - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Altura Mining Limited, Indonesia
  • Wood Mackenzie - Singapore
  • Indorama - Singapore
  • PLN - Indonesia
  • Economic Council, Georgia
  • Shree Cement - India
  • Central Electricity Authority - India
  • Malco - India
  • Gujarat Sidhee Cement - India
  • BRS Brokers - Singapore
  • Attock Cement Pakistan Limited
  • GNFC Limited - India
  • Jaiprakash Power Ventures ltd
  • Japan Coal Energy Center
  • Vizag Seaport Private Limited - India
  • HSBC - Hong Kong
  • DBS Bank - Singapore
  • SASOL - South Africa
  • Global Coal Blending Company Limited - Australia
  • Timah Investasi Mineral - Indoneisa
  • Glencore India Pvt. Ltd
  • Electricity Generating Authority of Thailand
  • Barasentosa Lestari - Indonesia
  • Thriveni
  • Minerals Council of Australia
  • The State Trading Corporation of India Ltd
  • Bukit Makmur.PT - Indonesia
  • IOL Indonesia
  • Anglo American - United Kingdom
  • Posco Energy - South Korea
  • Cardiff University - UK
  • Britmindo - Indonesia
  • Berau Coal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Sucofindo - Indonesia
  • Star Paper Mills Limited - India
  • Thiess Contractors Indonesia
  • PetroVietnam
  • Xindia Steels Limited - India
  • APGENCO India
  • Simpson Spence & Young - Indonesia
  • Aditya Birla Group - India
  • Globalindo Alam Lestari - Indonesia
  • SRK Consulting
  • Coeclerici Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • McKinsey & Co - India
  • Sakthi Sugars Limited - India
  • CESC Limited - India
  • Mitra SK Pvt Ltd - India
  • Reliance Power - India
  • Surastha Cement
  • KPMG - USA
  • World Coal - UK
  • Credit Suisse - India
  • Ambuja Cements Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cosco
  • Asia Cement - Taiwan
  • ETA - Dubai
  • Arch Coal - USA
  • Kalimantan Lumbung Energi - Indonesia