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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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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...
Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...
Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...
Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...
Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...
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- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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