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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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Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...
Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...
Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...
Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.
The country produced 400 million tonne ...
Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...
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- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- The University of Queensland
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
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