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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, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
...
Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
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- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
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