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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, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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- IHS Mccloskey Coal Group - USA
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- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
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- PTC India Limited - India
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- LBH Netherlands Bv - Netherlands
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- Ceylon Electricity Board - Sri Lanka
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- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
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- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
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- Directorate Of Revenue Intelligence - India
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- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
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- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
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- Goldman Sachs - Singapore
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- Electricity Authority, New Zealand
- Parliament of New Zealand
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- The University of Queensland
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
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- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
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- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
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- Jaiprakash Power Ventures ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
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