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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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Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...
Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
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- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
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