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