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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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Friday, 03 August 18
HBA HAS RISEN 28.41 PER CENT IN A YEAR TO BE AT THEIR HIGHEST LEVELS SINCE JANUARY 2012
COALspot.com: The benchmark price of Indonesian thermal coal has risen 28.41 per cent in a year to be at their highest levels since January 2012.&n ...
Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
Capesize
The counter seasonally strong market during the summer months bodes well for the remainder of the year.
According ...
Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...
Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...
Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
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