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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, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlan ...
Friday, 29 May 20
COVID-19: COAL SUPPLY BY CIL TO POWER SECTOR DIPS 22% TO 32 MT IN APRIL DUE TO DEMAND SLUMP - PTI
Over 95% of CIL’s production comes from its 171 open cast mines.
The supply of coal to the power sector by state-owned Coal In ...
Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations woul ...
Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under t ...
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- Standard Chartered Bank - UAE
- The University of Queensland
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
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