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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 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- IHS Mccloskey Coal Group - USA
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- Eastern Coal Council - USA
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- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
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- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
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- Bangladesh Power Developement Board
- Central Electricity Authority - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Electricity Authority, New Zealand
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- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
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- GAC Shipping (India) Pvt Ltd
- The University of Queensland
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- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
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- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
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- Ministry of Finance - Indonesia
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- Global Business Power Corporation, Philippines
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- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
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- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Posco Energy - South Korea
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- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
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- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
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- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
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- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
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- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Deloitte Consulting - India
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- Salva Resources Pvt Ltd - India
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- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
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- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Intertek Mineral Services - Indonesia
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- Coal and Oil Company - UAE
- Planning Commission, India
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- The State Trading Corporation of India Ltd
- Parliament of New Zealand
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- White Energy Company Limited
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- Goldman Sachs - Singapore
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