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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, 27 August 21
THE ECONOMICS OF INDONESIA’S DIESEL POWER PLANT TO GAS CONVERSION PLAN ARE PROBLEMATIC - IEEFA
Deploying new small-scale LNG is an uphill battle for PGN
Indonesian gas is currently in a precarious position, where the government needs to ...
Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
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- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Planning Commission, India
- VISA Power Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Australian Coal Association
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
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- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
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