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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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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
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