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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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Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
Monday, 22 September 14
CFR SOUTH CHINA COAL SWAPS LOST ON DAY, WEEK AND MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 3.10 (-4.50%) month over month and $ 0.95 PT MT week over ...
Monday, 22 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.35 (+0.69%) day on day and lost US$ 0.30 (-0.58%) per mt week on week. ...
Sunday, 21 September 14
CAPE INDEX LOST 17% W-O-W ; BALTIC DRY PLUNGES 106 POINTS
COALspot.com: This week the freight market softened a bit compared to last week.
BDI fell 8.97% week on week and closed BDI at 1075 points on ...
Friday, 19 September 14
U.S. WEEKLY COAL PRODUCTION RELATIVELY FLAT AT +0.1% - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
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- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
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