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