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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 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%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid 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 coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- The University of Queensland
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
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