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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, 28 July 14
Q3' 14, SUB-BIT FOB INDONESIA COAL SWAP GAINED $ 0.08 DAY ON DAY AND $ 0.68 WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 increased by just US$ 0.08 day on day and US$ 0.68 week on week. The swap was lost U ...
Monday, 28 July 14
S. KOREA'S KOSPO SEEKS 148K T OF 4700 NAR COAL
COALspot.com: Korea Southern Power Co Ltd (KOSPO) is seeking 148,000 tonnes of 4,700 kcal/kg NCV steaming coal for shipment between October to Nove ...
Monday, 28 July 14
CFR SOUTH CHINA COAL SWAP SLIGHTLY UP WEEK ON WEEK
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. The swap for Q3, Q4 and Q1 2015 showing slight improvement ...
Sunday, 27 July 14
RAMADAN HOLIDAYS IN INDONESIA PUTTING PRESSURE ON CHARTER RATES FROM INDONESIA - VISTAAR INDIA
COALspot.com: The freight rates were almost steady as very slight improvement in BDI by about 1 pct. The BDI was at 739 points after improvin ...
Saturday, 26 July 14
COAL MINING COMPANIES CLOSED TEMPORARILY - THE JAKARTA POST
The Sarolangun regency administration in Jambi has suspended the operations of 10 coal mining companies in line with a circular issued by Regent Ce ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- PTC India Limited - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
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