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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, 02 September 20
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Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA
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Tuesday, 01 September 20
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Monday, 31 August 20
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- PTC India Limited - India
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- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- London Commodity Brokers - England
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- GN Power Mariveles Coal Plant, Philippines
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- GAC Shipping (India) Pvt Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Parliament of New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
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- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
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- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
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- Alfred C Toepfer International GmbH - Germany
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- Kaltim Prima Coal - Indonesia
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- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
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- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
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- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
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- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- The University of Queensland
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- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
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- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
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- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
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- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
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