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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, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
Capesize
The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
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- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
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