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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, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
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- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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