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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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Wednesday, 25 November 20
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- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
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- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
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- Therma Luzon, Inc, Philippines
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- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Sical Logistics Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
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- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
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- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
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