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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, 12 October 16
MARKET INSIGHT - LINOS KOGEVINAS
Another Monday has gone by, bringing with it further turbulence for oil. A series of meetings between high-production nations Russia & Saudi Ar ...
Wednesday, 12 October 16
INDIAN STEELMAKERS' DELEVERAGING AT RISK ON COKING COAL PRICE JUMP - FITCH
The sharp increase in coking coal prices since August 2016 could squeeze Indian steelmakers' profitability and threaten their deleveraging, Fit ...
Wednesday, 12 October 16
UK SEABORNE COAL IMPORT PLUNGES 64% AS A WORRYING TREND LURKS - BIMCO
The main exporters of thermal coal for coal- fired power plants to the United Kingdom (UK) have experienced a heavy decline in seaborne cargo volum ...
Monday, 10 October 16
INDONESIAN COAL PRICE REFERENCE HITS HIGHEST LEVELS SINCE SEPTEMBER 2014
COALspot.com: The Indonesia coal benchmark price hits to its highest level since September 2014. The government declared benchmark prices for Indon ...
Monday, 10 October 16
THE FREIGHT MARKET FIRMS UP ON STRONG CAPE PERFORMANCE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose again and ending in a positive note this past week. ...
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- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- The University of Queensland
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
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