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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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Tuesday, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...
Friday, 12 November 21
RUSSIA-INDIA COKING COAL DEAL UNLIKELY TO IMPACT PANAMAX SHIPPING - DREWRY
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Dre ...
Friday, 12 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to ...
Friday, 12 November 21
INDONESIAN COAL PRICE REFERENCE TOPS $215 A TON; THE HIGHEST COAL PRICE IN HISTORY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second half of 2021 as it reached a pinnacle of $215.01 in November 2021 ...
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- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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