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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, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
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Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
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Friday, 12 June 20
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China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Economic Council, Georgia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
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