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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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Monday, 23 September 19
CHINA RECORDS SLOWER GROWTH IN COAL PRODUCTION - XINHUA
The growth of China’s raw coal production slowed down in August, data from the National Bureau of Statistics (NBS) showed.
Aro ...
Friday, 20 September 19
INDIA TO INVITE BIDS FOR COMMERCIAL COAL MINING IN DECEMBER - MINISTER FOR COAL
India aims to begin the process of holding the first round of commercial coal mining auctions December end, Minister for Coal, Mines and Parliament ...
Friday, 20 September 19
INDIA: ECONOMIC SLOWDOWN IMPACTS COAL IMPORT CARGO IN H1 FY20 - PTI
Economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal gro ...
Wednesday, 18 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
During the first week of September, I had the privilege of attending the Donsö Shipping Meet 2019, in Donsö, a small island of around 1,& ...
Tuesday, 17 September 19
PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION
The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present ...
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- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
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- Africa Commodities Group - South Africa
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- Chamber of Mines of South Africa
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- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Eastern Coal Council - USA
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- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
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- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
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- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
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- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
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- Indonesian Coal Mining Association
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- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Australian Coal Association
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- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
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- Coastal Gujarat Power Limited - India
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