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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, 06 July 18
COAL PRICES HAVE REMAINED STRONG BUT ARE SET TO DECLINE - NAB
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KNOWLEDGE TO ELEVATE
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Friday, 06 July 18
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Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot m ...
Thursday, 05 July 18
WHAT THE FAILED GLENCORE-TOHOKU COAL TALKS MEAN FOR THE MARKET - REUTERS
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Elec ...
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- Ministry of Finance - Indonesia
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- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
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- Economic Council, Georgia
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- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
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- Eastern Coal Council - USA
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- Siam City Cement PLC, Thailand
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- Goldman Sachs - Singapore
- Minerals Council of Australia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
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- SMG Consultants - Indonesia
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- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
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- Thiess Contractors Indonesia
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- Vedanta Resources Plc - India
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- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
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- Manunggal Multi Energi - Indonesia
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- Power Finance Corporation Ltd., India
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- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
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- Bangladesh Power Developement Board
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- GAC Shipping (India) Pvt Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
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- Romanian Commodities Exchange
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- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
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- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
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- The University of Queensland
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- London Commodity Brokers - England
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- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Xindia Steels Limited - India
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- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
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- Coal and Oil Company - UAE
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- Pipit Mutiara Jaya. PT, Indonesia
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- The State Trading Corporation of India Ltd
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- Riau Bara Harum - Indonesia
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- Orica Australia Pty. Ltd.
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- Bhoruka Overseas - Indonesia
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- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
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- Kaltim Prima Coal - Indonesia
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- Vizag Seaport Private Limited - India
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