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