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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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Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
Tuesday, 25 May 21
KOREA SOUTHERN POWER INVITED BIDS FOR 870,000 MT OF MIN 5300 NCV COAL FOR 2021 TO 2023.
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 870,000 MT of Min 5,300 kcal/kg NCV coal for Augu ...
Tuesday, 25 May 21
CHINA’S COAL OUTPUT RISES IN FIRST FOUR MONTHS - XINHUA
China’s raw coal output rose 11.1 percent year on year to 1.29 billion tonnes in the first four months of 2021, official data showed.
&nb ...
Tuesday, 25 May 21
MARINE SHIPPERS BULK UP: ANOTHER GAME OF CHICKEN IN THE WORKS? - THE KOREA TIMES
Global shipping companies have been placing orders for large ships, with many anticipating further increased competition within the next three year ...
Friday, 21 May 21
MARKET INSIGHT - INTERMODAL
The dry bulk market’s counter seasonal surge so far into the first half of the year -in a sort of 2010 manner - and Capesize’s recent r ...
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- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
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