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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, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
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- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Planning Commission, India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
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