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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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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
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- VISA Power Limited - India
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- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
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- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
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- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
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- PTC India Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
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- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
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- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
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- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
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- Star Paper Mills Limited - India
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- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
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- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
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- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- The University of Queensland
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Sical Logistics Limited - India
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- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
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