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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, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest we ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
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- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- The University of Queensland
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
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