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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, 24 February 15
IHS ENERGY COAL CONFERENCE OF THE AMERICAS
Attend the IHS Energy Coal Conference of the Americas 17-19 March in Cartagena, Colombia and learn about timely concerns in today's coal indust ...
Monday, 23 February 15
Q2' CFR SOUTH CHINA COAL SWAP FOR Q2 ROSE 3.39% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.90 (+3.39%) per MT month over month and declined US$ 0.08 ...
Monday, 23 February 15
Q2' API 5 FOB NEWCASTLE COAL SWAP CLOSED $1 HIGHER THAN Q3
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.12 per MT (+6.44%) month over month and fall US$ 0.43 (-0.83%) w ...
Sunday, 22 February 15
THE BALTIC DRY INDEX LOST ALMOST 3.2% OR 17 POINTS WEEK ON WEEK
COALspot.com: The Baltic Dry Index, one of the economic indicators that monitors the health of the world's economy by tracking the price of shi ...
Friday, 20 February 15
GOVT SET TO INCREASE COAL OUTPUT TARGET THIS YEAR - JAKARTA POST
The Energy and Mineral Resources Ministry is planning to increase its coal output target this year as the government seeks to offset the ongoing de ...
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- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
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