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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, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
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- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Parliament of New Zealand
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Indonesian Coal Mining Association
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