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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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Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
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- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Posco Energy - South Korea
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