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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, 12 May 21
U.S. COAL PRODUCTION TO INCREASE BY 43 MMST IN 2021 TOTAL 582 MILLION SHORT TONS - EIA
U.S. energy Information Administration expects U.S. coal production to total 582 million short tons (MMst) in 2021, 43 MMst (8%) more than in 2020. ...
Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
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- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- The University of Queensland
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
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