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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, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
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- White Energy Company Limited
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- Georgia Ports Authority, United States
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- PTC India Limited - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
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