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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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- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- The University of Queensland
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
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