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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, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: Adaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semes ...
Tuesday, 08 August 17
KOMIPO INVITES BIDS FOR 5200 AND 5700 NAR COAL FOR Q4 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 420,000 Metric Tons of Bituminous coal ...
Monday, 07 August 17
INDIA'S THERMAL COAL IMPORTS HAVE FALLEN BY 16% YEAR-ON-YEAR IN THE FIRST FIVE MONTHS OF THIS YEAR
COALspot.com: The second quarter of 2017 was characterized by volatility in the coal market driven by policy measures and weather disruptions say A ...
Monday, 07 August 17
BUMA SIGNED $385 MILLION WORTH OF NEW CONTRACT WITH PT PADA IDI
COALspot.com: PT Delta Dunia Makmur Tbk., has announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into min ...
Monday, 07 August 17
THE SHIPPING INDEXES BOUNCE BACK THIS PAST WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ove ...
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Showing 1981 to 1985 news of total 6871 |
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- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Planning Commission, India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
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