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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, 12 February 20
COAL INDIA WILL EXCEED LAST YEAR'S PRODUCTION FIGURES: OFFICIAL - PTI
Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year’s production figures, a to ...
Wednesday, 12 February 20
MARKET INSIGHT - INTERMODAL
The recent Coronavirus outbreak in China has led to a global health emergency by World Health Organization and it is yet to be seen how long the ph ...
Wednesday, 12 February 20
CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may wel ...
Wednesday, 12 February 20
THE SHIPPING INDUSTRY SEES FREIGHT MARKETS IN A COMPLETE STATE OF COLLAPSE AS DEMAND GETS PARALYZED DUE TO CORONAVIRUS OUTBREAK - ALLIED
With China and the world still trying to contain the effects and come to terms with the Wuhan novel coronavirus outbreak, the shipping industry see ...
Wednesday, 12 February 20
WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
In a worrying development, global steel production slowed down considerably in the fourth quarter of 2019. In the final 3 months of 2019, total cru ...
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- Indogreen Group - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- The University of Queensland
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
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