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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, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
Friday, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...
Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...
Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...
Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...
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- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Romanian Commodities Exchange
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- Bayan Resources Tbk. - Indonesia
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- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Agrawal Coal Company - India
- Chamber of Mines of South Africa
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- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
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- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
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- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
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- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
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- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
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- Electricity Generating Authority of Thailand
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- Electricity Authority, New Zealand
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- Wilmar Investment Holdings
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- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
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- CNBM International Corporation - China
- Mjunction Services Limited - India
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- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
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- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
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- Deloitte Consulting - India
- Africa Commodities Group - South Africa
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- Energy Link Ltd, New Zealand
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- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
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