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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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Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
Wednesday, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The ...
Wednesday, 20 May 20
BRAZIL SOYBEAN EXPORTS HAVE BEEN SURGING THIS YEAR - BANCHERO COSTA
Brazil soybean exports have been surging this year, thanks to a combination of strong demand from China, a bumper crop, and favourable exchange rat ...
Wednesday, 20 May 20
MARKET INSIGHT
Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving arou ...
Tuesday, 19 May 20
AMENDMENT OF THE INDONESIAN MINING LAW: TYING UP LOOSE ENDS - UMBRA
KNOWLEDGE TO ELEVATE
The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then ap ...
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- Economic Council, Georgia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
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