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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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Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
Saturday, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...
Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...
Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...
Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...
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- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
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