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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, 24 June 20
MARKET INSIGHT - INTERMODAL
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Saturday, 20 June 20
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- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
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- London Commodity Brokers - England
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- Price Waterhouse Coopers - Russia
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- SMC Global Power, Philippines
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- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
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- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
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- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
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- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
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- Ministry of Transport, Egypt
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- Standard Chartered Bank - UAE
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- Jorong Barutama Greston.PT - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
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- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
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- MS Steel International - UAE
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- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
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- Indo Tambangraya Megah - Indonesia
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- Eastern Energy - Thailand
- Central Electricity Authority - India
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- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
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- Toyota Tsusho Corporation, Japan
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- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Indian Energy Exchange, India
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- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
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- PowerSource Philippines DevCo
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
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- The University of Queensland
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- Ministry of Finance - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
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- White Energy Company Limited
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- Alfred C Toepfer International GmbH - Germany
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- Minerals Council of Australia
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- Tamil Nadu electricity Board
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- Bhoruka Overseas - Indonesia
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- San Jose City I Power Corp, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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