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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
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