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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, 23 December 21
COAL DEMAND TO PEAK IN INDIA BY 2030, WILL BACK UP RENEWABLES: NITI REPORT - BUSINESS STANDARD
Coal will remain India’s mainstay energy source and the country will shape global demand this decade, two reports have said a month after the ...
Thursday, 23 December 21
INDONESIA’S 2022 COAL OUTPUT SEEN BETWEEN 637 MLN-664 MLN T- OFFICIAL - REUTERS
Indonesia’s 2022 coal output is estimated at between 637 million to 664 million tonnes based on production plans currently being finalised, s ...
Thursday, 23 December 21
VALE ANNOUNCES THE SALE OF ITS COAL ASSETS
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corrido ...
Thursday, 23 December 21
INDIA: CAPTIVE POWER PRODUCERS URGE GOVT TO ENSURE NORMAL COAL SUPPLIES - PTI
A captive power producers’ association has urged the government for 100 per cent normalisation of coal supply to captive power producers whil ...
Thursday, 23 December 21
MARKET INSIGHT - INTERMODAL
As an outstanding year for the dry bulk freight market comes to a close, so does a thriving year for the SnP market which can only be compared to 2 ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
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