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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, 01 April 19
AUSTRALIAN COAL AT RISK FROM CHINA MOVE, WARNS GOVERNMENT REPORT - SYDNEY MORNING HERALD
A new government report warns China’s restrictions on coal imports is the number one risk for Australian coal this year and could lead to a s ...
Saturday, 30 March 19
KOEN INVITES BIDS FOR 450,000 TONS OF (SUB) BITUMINOUS COAL FOR H1 AND JUNE 2019
South Korea state-owned utility KOREA SOUTH-EAST POWER CO., LTD. (KOEN) issued a tender for total 450,000 MT of min. 4300, 3500 and 5600 NCV ...
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. ...
Saturday, 23 March 19
IT WAS A POSITIVE WEEK FOR THE HANDY SIZE MARKET - BALTIC BRIEFING
Capesize
The big ships endured heavy losses last week extinguishing any hopes from the recent minor rally. Negative sentiment gained pace throu ...
Friday, 22 March 19
CHINA MARKET: COAL OUT IN THE COLD - BUSINESS RECORDER
Though China maintains there is no ban, China-bound Australian coal shipments are looking for a new home. For the past few months, coal cargoes are ...
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- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
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