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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, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- CIMB Investment Bank - Malaysia
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- PTC India Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
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- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
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- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
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- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
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- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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