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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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Showing 6871 to 6871 news of total 6871 |
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- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Planning Commission, India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
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