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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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Sunday, 24 January 21
GOVT ASSURES COAL INDIA OF 'FULL SUPPORT', STRESSES ON LEARNING 'NEW THINGS' - PTI
Coal Minister Pralhad Joshi assured Coal India of full government support, even as he said the PSU needs to learn “new things” for impr ...
Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...
Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...
Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...
Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says.
...
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TNB Fuel Sdn Bhd - Malaysia
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Georgia Ports Authority, United States
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Pendopo Energi Batubara - Indonesia
SMG Consultants - Indonesia
Edison Trading Spa - Italy
Petron Corporation, Philippines
Samtan Co., Ltd - South Korea
Sarangani Energy Corporation, Philippines
Kalimantan Lumbung Energi - Indonesia
Petrochimia International Co. Ltd.- Taiwan
Mercuria Energy - Indonesia
Orica Australia Pty. Ltd.
Tata Chemicals Ltd - India
Ministry of Mines - Canada
South Luzon Thermal Energy Corporation
Sojitz Corporation - Japan
Bhatia International Limited - India
Binh Thuan Hamico - Vietnam
Uttam Galva Steels Limited - India
Jaiprakash Power Ventures ltd
Karbindo Abesyapradhi - Indoneisa
Alfred C Toepfer International GmbH - Germany
Latin American Coal - Colombia
Straits Asia Resources Limited - Singapore
Ceylon Electricity Board - Sri Lanka
GVK Power & Infra Limited - India
Riau Bara Harum - Indonesia
Makarim & Taira - Indonesia
Romanian Commodities Exchange
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European Bulk Services B.V. - Netherlands
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GAC Shipping (India) Pvt Ltd
Savvy Resources Ltd - HongKong
VISA Power Limited - India
Star Paper Mills Limited - India
Parry Sugars Refinery, India
Central Java Power - Indonesia
Bahari Cakrawala Sebuku - Indonesia
Goldman Sachs - Singapore
TeaM Sual Corporation - Philippines
PetroVietnam Power Coal Import and Supply Company
Lanco Infratech Ltd - India
Indika Energy - Indonesia
Therma Luzon, Inc, Philippines
Intertek Mineral Services - Indonesia
Planning Commission, India
Directorate Of Revenue Intelligence - India
ICICI Bank Limited - India
Sical Logistics Limited - India
OPG Power Generation Pvt Ltd - India
Thai Mozambique Logistica
Power Finance Corporation Ltd., India
Minerals Council of Australia
Filglen & Citicon Mining (HK) Ltd - Hong Kong
Indogreen Group - Indonesia
Meralco Power Generation, Philippines
Attock Cement Pakistan Limited
Bukit Baiduri Energy - Indonesia
Semirara Mining Corp, Philippines
Antam Resourcindo - Indonesia
Standard Chartered Bank - UAE
MS Steel International - UAE
Siam City Cement - Thailand
Gujarat Mineral Development Corp Ltd - India
Asmin Koalindo Tuhup - Indonesia
The State Trading Corporation of India Ltd
Semirara Mining and Power Corporation, Philippines
Maharashtra Electricity Regulatory Commission - India
Energy Link Ltd, New Zealand
Neyveli Lignite Corporation Ltd, - India
Eastern Coal Council - USA
Maheswari Brothers Coal Limited - India
Africa Commodities Group - South Africa
Simpson Spence & Young - Indonesia
Pipit Mutiara Jaya. PT, Indonesia
LBH Netherlands Bv - Netherlands
Bulk Trading Sa - Switzerland
Cigading International Bulk Terminal - Indonesia
White Energy Company Limited
SN Aboitiz Power Inc, Philippines
Kohat Cement Company Ltd. - Pakistan
Indian Oil Corporation Limited
Tamil Nadu electricity Board
Leighton Contractors Pty Ltd - Australia
Globalindo Alam Lestari - Indonesia
Marubeni Corporation - India
Australian Commodity Traders Exchange
Oldendorff Carriers - Singapore
Vijayanagar Sugar Pvt Ltd - India
India Bulls Power Limited - India
Mintek Dendrill Indonesia
PowerSource Philippines DevCo
Parliament of New Zealand
Bhoruka Overseas - Indonesia
Global Coal Blending Company Limited - Australia
Economic Council, Georgia
Global Green Power PLC Corporation, Philippines
Barasentosa Lestari - Indonesia
Dalmia Cement Bharat India
Ind-Barath Power Infra Limited - India
Bukit Makmur.PT - Indonesia
Jorong Barutama Greston.PT - Indonesia
International Coal Ventures Pvt Ltd - India
Essar Steel Hazira Ltd - India
Coalindo Energy - Indonesia
Vizag Seaport Private Limited - India
Port Waratah Coal Services - Australia
Electricity Generating Authority of Thailand
McConnell Dowell - Australia
Sindya Power Generating Company Private Ltd
Mercator Lines Limited - India
Kumho Petrochemical, South Korea
Medco Energi Mining Internasional
GN Power Mariveles Coal Plant, Philippines
Trasteel International SA, Italy
Australian Coal Association
Energy Development Corp, Philippines
Grasim Industreis Ltd - India
Merrill Lynch Commodities Europe
Kartika Selabumi Mining - Indonesia
Agrawal Coal Company - India
Bank of Tokyo Mitsubishi UFJ Ltd
Borneo Indobara - Indonesia
Gujarat Electricity Regulatory Commission - India
Interocean Group of Companies - India
Vedanta Resources Plc - India
ASAPP Information Group - India
PNOC Exploration Corporation - Philippines
Kideco Jaya Agung - Indonesia
Kobexindo Tractors - Indoneisa
Singapore Mercantile Exchange
Renaissance Capital - South Africa
Wood Mackenzie - Singapore
Sree Jayajothi Cements Limited - India
Karaikal Port Pvt Ltd - India
Anglo American - United Kingdom
Rashtriya Ispat Nigam Limited - India
Bharathi Cement Corporation - India
IHS Mccloskey Coal Group - USA
Sinarmas Energy and Mining - Indonesia
Price Waterhouse Coopers - Russia
Ministry of Transport, Egypt
Malabar Cements Ltd - India
Global Business Power Corporation, Philippines
Wilmar Investment Holdings
Siam City Cement PLC, Thailand
AsiaOL BioFuels Corp., Philippines
Madhucon Powers Ltd - India
Meenaskhi Energy Private Limited - India
Kapuas Tunggal Persada - Indonesia
Deloitte Consulting - India
Manunggal Multi Energi - Indonesia
Aditya Birla Group - India
Salva Resources Pvt Ltd - India
Independent Power Producers Association of India
GMR Energy Limited - India
Jindal Steel & Power Ltd - India
Posco Energy - South Korea
Coal and Oil Company - UAE
Gujarat Sidhee Cement - India
Coastal Gujarat Power Limited - India
Cement Manufacturers Association - India
Heidelberg Cement - Germany
Offshore Bulk Terminal Pte Ltd, Singapore
The Treasury - Australian Government
Miang Besar Coal Terminal - Indonesia
Rio Tinto Coal - Australia
PTC India Limited - India
Larsen & Toubro Limited - India
Videocon Industries ltd - India
Banpu Public Company Limited - Thailand
The University of Queensland
Asia Pacific Energy Resources Ventures Inc, Philippines
Bangladesh Power Developement Board
SMC Global Power, Philippines
Mjunction Services Limited - India
San Jose City I Power Corp, Philippines
Indo Tambangraya Megah - Indonesia
Krishnapatnam Port Company Ltd. - India
Metalloyd Limited - United Kingdom
Formosa Plastics Group - Taiwan
London Commodity Brokers - England
Sakthi Sugars Limited - India
CIMB Investment Bank - Malaysia
Dong Bac Coal Mineral Investment Coporation - Vietnam
Indonesian Coal Mining Association
Bayan Resources Tbk. - Indonesia
Commonwealth Bank - Australia
IEA Clean Coal Centre - UK
Dr Ramakrishna Prasad Power Pvt Ltd - India
Kepco SPC Power Corporation, Philippines
Iligan Light & Power Inc, Philippines
Central Electricity Authority - India
Ambuja Cements Ltd - India
Baramulti Group, Indonesia
CNBM International Corporation - China
Truba Alam Manunggal Engineering.Tbk - Indonesia
Chamber of Mines of South Africa
New Zealand Coal & Carbon
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Bhushan Steel Limited - India
Chettinad Cement Corporation Ltd - India
Xindia Steels Limited - India
Ministry of Finance - Indonesia
Directorate General of MIneral and Coal - Indonesia
Bukit Asam (Persero) Tbk - Indonesia
Billiton Holdings Pty Ltd - Australia
Thiess Contractors Indonesia
Orica Mining Services - Indonesia
Timah Investasi Mineral - Indoneisa