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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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Friday, 15 February 13
2ND ANNUAL INDONESIA MINING 2013 CONFERENCE
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Friday, 15 February 13
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Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk ma ...
Thursday, 14 February 13
HANDY: ATLANTIC "STABLE"; PACIFIC "QUIET" - FEARNLEYS
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Thursday, 14 February 13
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Higher steel demand is expected to keep dry bulk rates elevated during the next six weeks, according to the latest BIMCO forecast. The Organization ...
Wednesday, 13 February 13
6TH ANNUAL CBM CONFERENCE
The 6th Annual CBM conference which will be held in Singapore on 18-21 June 201 offers comprehensive insights into leading CBM projects in the Asia- ...
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- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
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- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
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- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
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- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
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- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
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- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
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- Bangladesh Power Developement Board
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- The Treasury - Australian Government
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- Meenaskhi Energy Private Limited - India
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- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- MS Steel International - UAE
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
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- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
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- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
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- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
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- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
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- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
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- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
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- Mjunction Services Limited - India
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- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
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