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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?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
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
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
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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- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Australian Coal Association
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
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