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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO 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, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
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