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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, 17 February 15
FOB SUB-BIT INDONESIA COAL SWAP UP 8% MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose week over week and month on month.
The Q2 swap up US$ 3.58 (+8.00%) month o ...
Tuesday, 17 February 15
Q2' FOB RICHARDS BAY COAL SWAP CLOSED AT $63.45; $ 1.85 HIGHER COMPARED TO Q4 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month, week on week and day on day.
The Q2 swap has ...
Monday, 16 February 15
COAL MINING SLUMP A BLESSING IN DISGUISE - THE JAKARTA POST
The growth of the coal-mining industry, which has diminished in the last two years, is expected to slump even further this year following weakening ...
Monday, 16 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 1.31 per MT (+2.59%) week over week and US$ 4.35 (+9.13%) month on ...
Monday, 16 February 15
Q2' 15 - CFR SOUTH CHINA COAL SWAP ROSE 5.22% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 2.88 (+5.22%) per MT month over month and US$ 1.08 (+1.90% ...
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- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
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