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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, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...
Friday, 31 July 15
COAL PRODUCTION IN THE U.S. UP 3.6% FOR THE WEEK ENDING JULY 25
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Friday, 31 July 15
CHINA'S NEW OIL IMPORT RULES HAVE MINIMAL IMPACT ON STATUS QUO - FITCH
Fitch Ratings says that China's looser criteria for crude oil import rights are a positive but modest step towards encouraging private-sector p ...
Thursday, 30 July 15
EFFECTS OF THE CHINESE STOCK MARKET CRISIS - INTERMODAL
All evidence is currently signaling that the Chinese stock market will be the newest hurdle for the global economy. With the world's second lar ...
Wednesday, 29 July 15
Q1'16 FOB INDONESIA COAL SWAP CLOSED HIGHER THAN Q3'15
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and gains week over week, this past week.
The Q3 swap was decl ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
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