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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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Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
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- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
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