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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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Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...
Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...
Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...
Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
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