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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, 14 October 20
CHINA COKING COAL FUTURES RALLY ON REPORTED BAN ON AUSTRALIA CARGOES - REUTERS
Dalian coking coal futures rallied for a sixth straight session on Tuesday after reports surfaced that China had stopped buying coal from Australia ...
Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...
Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...
Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019, surprising many who had expected the government would clamp down strictly on shipments.
...
Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...
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- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
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