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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, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- The University of Queensland
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
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