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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, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
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- White Energy Company Limited
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- Ministry of Mines - Canada
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- The Treasury - Australian Government
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- GMR Energy Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
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- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
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- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
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- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
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- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
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- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
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- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
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- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Directorate Of Revenue Intelligence - India
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- Oldendorff Carriers - Singapore
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- Romanian Commodities Exchange
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- Iligan Light & Power Inc, Philippines
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- Economic Council, Georgia
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- Kapuas Tunggal Persada - Indonesia
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- Electricity Generating Authority of Thailand
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- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Planning Commission, India
- The State Trading Corporation of India Ltd
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