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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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Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovere ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
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- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Planning Commission, India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
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