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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, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- The University of Queensland
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
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