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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 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Sical Logistics Limited - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
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