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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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Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
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- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Planning Commission, India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
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