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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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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
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- The State Trading Corporation of India Ltd
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- Australian Coal Association
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- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- SMC Global Power, Philippines
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- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
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- San Jose City I Power Corp, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
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- Indian Oil Corporation Limited
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- Electricity Authority, New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
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- Semirara Mining Corp, Philippines
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- Agrawal Coal Company - India
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- Interocean Group of Companies - India
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- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
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- Bharathi Cement Corporation - India
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- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Wilmar Investment Holdings
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- Bayan Resources Tbk. - Indonesia
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- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
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- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
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- Gujarat Sidhee Cement - India
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- Economic Council, Georgia
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- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
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- Chamber of Mines of South Africa
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- Meenaskhi Energy Private Limited - India
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