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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0.79 lesser than June 2011 Price.
This coal benchmark price was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 July 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.33 percent higher Y-o-Y.
The price was only valid for spot price, while as for term price, the average referance price (HPB) of the previous 3 months.(50% of last month HPB, 30% of a month earlier HPB and 20% of two months earlier HPB) 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 government also drafting a regulation to ban coal with calorific value below 5100 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crishing, blending and upgrading to have higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
Indonesian physical coal prices also seem to be soft this week due to less demand from chinese buyers. Coal miner PT Bayan Resources Tbk, has recently entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal for 15 years commencing on 2015 to an Indian company.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
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