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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, 14 April 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 1.10 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.05 points Monday, down 1.10 percent week on week.
The index, released by Chi ...
Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
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- Uttam Galva Steels Limited - India
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- Toyota Tsusho Corporation, Japan
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- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
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- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
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- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Interocean Group of Companies - India
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- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
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