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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, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
Tuesday, 26 April 22
INDIA'S COAL IMPORTS ARE SHIFTING, THERMAL MORE THAN COKING - REUTERS
India’s coal imports are starting to reflect shifting world trade and pricing dynamics in the wake of Russia’s invasion of neighbouring ...
Monday, 18 April 22
GERMAN COAL IMPORTERS EXPECT A BRIEF SPIKE IN PRICES ON EU BAN - REUTERS
A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady the c ...
Monday, 18 April 22
FINNISH 'LOOPHOLES' ALLOW IMPORTS OF RUSSIAN COAL AND OIL TO CONTINUE - EURONEWS
Activists in Finland are calling for the government to clamp down faster on state-owned companies that continue to import raw materials from Russia ...
Monday, 18 April 22
GOVT IN DISCUSSION WITH WORLD BANK ON FRAMEWORK FOR COAL MINE CLOSURE - BUSINESS STANDARD
The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday.
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- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Planning Commission, India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
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