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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, 15 July 15
SAS TO BUILD 108 KM ROAD FOR COAL IN JAMBI, SAYS JAKARTA POST
Jambi Governor Hasan Basri Agus said on Sunday that mining company PT Sinar Anugerah Sukses (SAS) would develop a 108-kilometer road with a width o ...
Wednesday, 15 July 15
ANY FUTURE IRAN OIL DEAL WILL BOOST SUPPLY FUNDAMENTALS WITH TANKER OWNERS HOPING FROM TEHRAN TO QUICKLY BOOST ITS PRODUCTION
With the Greek “Euro-drama” apparently over, at least for now, Iran’s oil deal still remains elusive, with any potential agreemen ...
Tuesday, 14 July 15
FOB NEWCASTLE COAL SWAPS MAINTAIN OVERALL NEGATIVE TONE THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.02 per MT (-2.23%) month over month to US$ 44.68 per mt. The swap ...
Tuesday, 14 July 15
CFR SOUTH CHINA COAL SWAPS DECLINE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.47 (2.82%) per MT month over month.
A commodity swap ...
Monday, 13 July 15
THERMAL COAL IMPORTS SOAR 23 PER CENT TO 24.08 MILLION TONNES AT 12 MAJOR INDIAN PORTS
Import of thermal coal jumped 23 per cent to 24.08 million tonnes at 12 major ports in the first quarter of the fiscal, even as the government cont ...
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- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
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