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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, 30 November 99
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- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Minerals Council of Australia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
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