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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, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
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- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
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- Power Finance Corporation Ltd., India
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- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
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