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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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Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
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- White Energy Company Limited
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Parliament of New Zealand
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
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