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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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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
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WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
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Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
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Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Cement Manufacturers Association - India
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- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- VISA Power Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
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