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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, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...
Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...
Friday, 08 March 19
CHINA'S COAL DEMAND FORECAST TO DROP SLOWLY - YONHAP
China’s coal demand is expected to fall at a snail’s pace over the next 20 years due to the country’s preference for the cheap fo ...
Thursday, 07 March 19
INDONESIAN COAL PRICE REFERENCE PLUNGE TO LOWEST IN SEVEN MONTHS
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 06 March 19
KOSPO INVITES BIDS FOR 80,000 MT OF 3800 NCV COAL FOR 21 - 30 MARCH, 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 80,000 MT of min 3,800 kcal/kg NCV low calor ...
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- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
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