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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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Monday, 13 June 16
BALTIC INDEX FLAT, INDEX FOR CAPE RISE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities flat this past week. The freight market was almost same l ...
Friday, 10 June 16
INDONESIAN 6322 GAR COAL PRICE REFERENCE RISES TO $51.81 A TON
COALspot.com: The Indonesia Coal Benchmark Price increased in June 2016.
The Director General of Mineral and Coal of Indonesia, the regulator ...
Friday, 10 June 16
WEEKLY U.S. COAL PRODUCTION TOTALED AN ESTIMATED 12 MMST IN THE WEEK ENDED JUNE 4, UP 4% W/W - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 12 million short tons (mmst ...
Wednesday, 08 June 16
BPI ACHIEVES FINANCIAL CLOSE FOR ITS 2000 MW POWER PROJECT IN CENTRAL JAVA
COALspot.com: PT Bhimasena Power Indonesia (BPI) on June 6th, 2016 Achieves financial close for its 2x1,000 MW power project in Batang Regency, Cen ...
Wednesday, 08 June 16
U.S COAL IMPORTS ARE PROJECTED TO BE 12 MMST IN 2016 AND 11 MMST IN 2017 - EIA
Coal Supply
U.S. coal production in May was 50 million short tons (MMst), a 4 MMst (10%) increase from the previous month but 19 MMst (28%) lower ...
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- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
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