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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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Tuesday, 18 December 18
COAL OUTLOOK BULLISH DESPITE WEAK CHINESE IMPORT DATA - HEREN, ICIS
Coal prices may appreciate over the remainder of 2018 even despite recent data showing falling imports from the world’s largest producer and ...
Tuesday, 18 December 18
TOBA BARA ACQUIRES SHARES OF PT BATU HITAM PERKASA
PT Toba Bara Sejahtra Tbk, through its subsidiary PT Toba Bara Energi (“TBE”), has acquired shares ...
Monday, 17 December 18
SUPRAMAX THERE WAS STRONGER DEMAND FROM SOUTHEAST ASIA, WITH MORE COAL BEING SHIPPED - BALTIC BRIEFING
Capesize
A positive end to last week after a somewhat uncertain start as some gains made were eroded. Rates recovered later for West Australia/ ...
Monday, 17 December 18
SOUTH KOREA STATE-OWNED UTILITY KOREA EAST-WEST POWER CO. LTD ISSUED A TENDER FOR MAX 3.220 MILLION TONS OF 4200 TO 5900 NAR COAL
COALspot.com: South Korea state-owned utility Korea East-West Power Co. Ltd (EWP) issued a tender for max 3,220,000 Metric Tons of coal to be loade ...
Saturday, 15 December 18
COMING CHANGES IN MARINE FUEL SULFUR LIMITS WILL AFFECT GLOBAL OIL MARKETS - EIA
International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operat ...
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- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- PTC India Limited - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
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