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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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Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
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- Gujarat Sidhee Cement - India
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- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
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- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
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- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
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- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
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- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
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- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
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- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
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- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
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