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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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Thursday, 05 March 20
SEABORNE COAL'S STRUGGLES IN ASIA ARE MORE THAN JUST CHINA CORONAVIRUS - REUTERS
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
Thursday, 05 March 20
INDONESIA'S BUKIT ASAM 2019 OUTPUT RISES 10.2% Y/Y - REUTERS
PT Bukit Asam, Indonesia’s state-owned coal miner, said on Wednesday its output in 2019 rose 10.2% to 29.1 million tonnes.
Coa ...
Thursday, 05 March 20
SEEING REMOTELY - IN SAFETY: BUREAU VERITAS PERFORMS FIRST SURVEY BY DRONE - BUREAU VERITAS
Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection and certification (TIC) services has completed its first survey by ...
Wednesday, 04 March 20
AN EPIDEMIC OF UNCERTAINTY - THE CORONAVIRUS AND FORCE MAJEURE - WFW
KNOWLEDGE TO ELEVATE
Do the effects of the coronavirus give rise to legitimate force majeure claims in connection with shipbuilding contracts ...
Wednesday, 04 March 20
CHINA IMPORTED 76.8 MLN TONNES OF CRUDE OIL FOR JANUARY & FEBRUARY 2020; UP 3.4% YOY - REFINITIV | BC
The COVID-19 crisis has been gripping China already for almost two months now. It’s having a huge negative impact on the economy, and this is ...
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- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
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