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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
MARKET INSIGHT - INTERMODAL
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Tuesday, 17 November 20
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China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
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- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- VISA Power Limited - India
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