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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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Saturday, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
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- Minerals Council of Australia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
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- Vedanta Resources Plc - India
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- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Interocean Group of Companies - India
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- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
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