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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, 10 April 19
KOSPO INVITED BIDS FOR 160K MT OF MIN. 3700 NCV COAL FOR JUNE LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 160,000 MT of min. 3,800 Kcal/kg ~max.4,100 ...
Wednesday, 10 April 19
CHINA'S GROWING THERMAL COAL SUPPLY TO PRESSURE EXPORTERS - FITCH RATINGS
Growing Chinese thermal coal supply is likely to lead to further tightening of import controls by the government, putting pressure on seaborne coal ...
Wednesday, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
The tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It co ...
Monday, 08 April 19
5TH INDIA NUCLEAR NEW BUILD CONGRESS 2019
5th India Nuclear New Build Congress 2019
The congress in Mumbai aims to bring together representatives from governments, regulators ...
Monday, 08 April 19
THERMAL COAL PRICES FALL, INDIAN POWER PLANTS TO SEE LIMITED GAINS - BUSINESS STANDARD
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from ...
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- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Planning Commission, India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- The University of Queensland
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
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