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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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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
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