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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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Wednesday, 06 May 20
KOSPO INVITED COAL BIDS FOR LOW CALORIFIC VALUE COAL
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 160,000 Metric Tons (MT) Low Calorific Value Coal for J ...
Wednesday, 06 May 20
COST CHALLENGES IN A US$20/BBL WORLD - WOOD MACKENZIE
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MARKET INSIGHT - INTERMODAL
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FLOATING STORAGE OF OIL CARGOES - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefi ...
Wednesday, 06 May 20
IRON ORE TRADE REMAINS REMARKABLY RESILIENT THIS YEAR, AT LEAST IN ASIA - BANCHERO COSTA
Iron ore trade remains remarkably resilient this year, at least in Asia, despite the global economic impact from COVID-19. In the first 4 months of ...
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- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
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