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