COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY


COALspot.com - Indonesia shipped 28.962 Million tons of coal  in May 2011, up by 15.86 percent compared to April export of about  24.995 million tons, Indonesian coal industry sources said. 56.30 percent up year-to year.

China's Indonesian coal imports have jumped up drastically in May by 2.105 MMt compared to its April imports. Chinese coal imports from Indonesia in May was higher than India's imports from Indonesia. India has imported 6.368 million tons in May where’s China has imported about 8.21 MMt which was 1.841 million MT higher. 

India has lost its largest Indonesian coal importer status to China first time in the last five months. India was the largest Indonesian coal importer since January 2011 followed by China and other Asian countries. China is expected to import more coal in this month and coming months to increase energy supplies to prevent a worsening of its  summer power shortage in seven years.

According to analyst, China faces a power shortfall, and that may extend to 40GW this northern summer, surpassing its 2004 power shortfall. China’s benchmark power-station coal prices rose to the highest since October 2008 as summer electricity demand increased in the world’s fastest-growing major economy, as quoted by Bloomberg its report early this week.

According to Indian coal minister,  Indian coal imports may be at 250 million tons per annum by 2016. Coal imports is unavoidable option for Indian utilities due to non availability of  economically viable coal from domestic mines.  However, according to Indian UMPPs, due to Indonesian government regulation that forces all coal producers must sell coal at government declared monthly prices, would cost them at least US$ 30 per ton higher than they previously budgeted.

"Implementation of this proposed new rule  by the Indonesian government ( I.e., the law mandates all coal producers to sell coal at government declared prices) will adversely impact all existing and future imported coal-based power plants in India, including UMPPs," Ashok Khurana, the Director General of the Association of Power Producers, said as reported by an Indian paper.

“When Indian companies invest in Indonesia, they tend to have the intent to sell coal at cost, so that Indonesian business unit remained at no or negligible profits. Taking a holistic view, however, the cash flows in an integrated Indonesian coal mining and Indian power generation unit after this regulation will continue to be similar, except that income taxes will be paid in Indonesia, and the cash flows will need to be brought on the books on Indian power project after paying taxes in Indonesia through appropriate and innovative business structuring,” said Dipesh Dipu, director, at Deloitte, mydigitalfc reported.


Indonesia has introduced bench mark pricing mechanism for its coal  since February 2010, and it has implemented for the domestic supplies as well export market. The pricing was done on very transparent way using four internationally acceptable coal indices to generate monthly Indonesian coal reference prices for about 62 types of coal including 8 types of bench mark qualities.

The regulation also requires miners to report sales volumes, prices, and buyers every month to the government, allowing it to ensure that the rules are being followed. Violations can lead to revocation of mining permits. The price benchmark aims to prevent firms selling coal to affiliates at low prices to avoid taxes that hurts Indonesia's efforts to collect revenues from its massive commodity exports.

Ministry of Energy and Mineral Resources of Indonesia has set the June 2011 Indonesian Coal Reference Price for thermal coal at US$ 119.03 per ton per ton, which was 1.20 percent higher than May 2011 price of US$ US$ 117.61. Assessment basis of coal price reference was calculated considering coal with GCV (GAR)  6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur (arb) 0.8%, Ash Content (arb) 15.00% and  delivery free on Board (FOB) Vessel basis  and applicable for spot contract, delivery between 1 – 30 June 2011.

Indonesian bituminous coal of 5,500 kcal/kg NAR was offered at between $ 108 - 110 a ton, FOB vessel basis this week, slightly up from last week price, traders said.

According to Indian power industry sources opined that  Indian UMPPs ( ultra-mega power project) suddenly caught in between as the concept of UMPP was implemented 4 to 5 years back. The large scale industrial houses in India  have bided and secured UMPP licenses based on the open market prices /long term coal contracts from Indonesian producers (I.e., pre regulated Indonesian market). Now that Indonesian coal reference price mechanism is in place all the UMPP's are seeking Indian government’s assistance in revising the Power Tariff of UMPP.

Now, the bankers who have funded the projects are bit worried about the rising Indonesian coal costs versus the power sales price which was pegged at pre-regulation prices, Indian banking industry sources said. Now, we need to see whether Indian Government allows the UMPPs to revise the power sale prices based on Indonesian coal reference price mechanism.

As such India cement and steel industries were used to buy coal from South Africa and Australia on index base pricing mechanism since last four to five years. in view of the attractive profit margin levels, entire Indonesian coal producers migrated to Index based pricing for coal contracts . “Where's still many of the Indian utilities and private consumers are still procuring the coal on firm delivered basis. This concept is creating lot of confusion in the Indian trade circles” an Indian trader commented.

77.12 percent of total coal exports in May goes to China, India, South Korea, Japan and Taiwan respectively.

The coal export information within this article is provided by coalspot.com on an "as is" and "as available” basis. All details about, given in good faith, without guarantee. While every care has been taken to ensure the accuracy of information furnished in this article. COALspot.com shall be obliged if errors / omissions are brought to its notice for carrying out corrections in this article.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...


Wednesday, 21 October 20
MARKET INSIGHT - INTERMODAL
The second wave of COVID-19 is now a reality; offices are closing again, and stricter rules and regulations are being implemented in public spaces. ...


Tuesday, 20 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.82 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.49 points Monday, up 0.82 percent week on week.   The index, released by China ...


Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes ...


Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6119
News by Category
Popular News
 
Total Members : 27,135
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Humpuss - Indonesia
  • Maruti Cements - India
  • Kepco SPC Power Corporation, Philippines
  • Shenhua Group - China
  • Moodys - Singapore
  • Salva Resources Pvt Ltd - India
  • ICICI Bank Limited - India
  • TeaM Sual Corporation - Philippines
  • Coastal Gujarat Power Limited - India
  • Petrosea - Indonesia
  • The Treasury - Australian Government
  • Commonwealth Bank - Australia
  • CNBM International Corporation - China
  • Fearnleys - India
  • Arch Coal - USA
  • SASOL - South Africa
  • Medco Energi Mining Internasional
  • Vedanta Resources Plc - India
  • Australian Coal Association
  • Bangladesh Power Developement Board
  • Leighton Contractors Pty Ltd - Australia
  • Globalindo Alam Lestari - Indonesia
  • Georgia Ports Authority, United States
  • Indorama - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Parliament of New Zealand
  • Antam Resourcindo - Indonesia
  • U S Energy Resources
  • IEA Clean Coal Centre - UK
  • Sucofindo - Indonesia
  • Inspectorate - India
  • Jorong Barutama Greston.PT - Indonesia
  • Simpson Spence & Young - Indonesia
  • Ince & co LLP
  • Bukit Asam (Persero) Tbk - Indonesia
  • NTPC Limited - India
  • Cosco
  • Coal Orbis AG
  • Vitol - Bahrain
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Star Paper Mills Limited - India
  • Indika Energy - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • HSBC - Hong Kong
  • Neyveli Lignite Corporation Ltd, - India
  • Malco - India
  • Barclays Capital - USA
  • Permata Bank - Indonesia
  • Goldman Sachs - Singapore
  • Heidelberg Cement - Germany
  • Power Finance Corporation Ltd., India
  • The University of Queensland
  • KPCL - India
  • PTC India Limited - India
  • Indian Oil Corporation Limited
  • Sindya Power Generating Company Private Ltd
  • SMC Global Power, Philippines
  • Ambuja Cements Ltd - India
  • TRAFIGURA, South Korea
  • Thriveni
  • Tata Chemicals Ltd - India
  • Platts
  • Singapore Mercantile Exchange
  • Maybank - Singapore
  • EMO - The Netherlands
  • ETA - Dubai
  • UOB Asia (HK) Ltd
  • LBH Netherlands Bv - Netherlands
  • Runge Indonesia
  • WorleyParsons
  • Vale Mozambique
  • Riau Bara Harum - Indonesia
  • BNP Paribas - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • GAC Shipping (India) Pvt Ltd
  • Coaltrans Conferences
  • Bank of China, Malaysia
  • Platou - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Wilmar Investment Holdings
  • Bhushan Steel Limited - India
  • Ind-Barath Power Infra Limited - India
  • Energy Link Ltd, New Zealand
  • Eastern Energy - Thailand
  • European Bulk Services B.V. - Netherlands
  • Orica Mining Services - Indonesia
  • PetroVietnam
  • Sical Logistics Limited - India
  • MS Steel International - UAE
  • BRS Brokers - Singapore
  • Essar Steel Hazira Ltd - India
  • Indonesian Coal Mining Association
  • CESC Limited - India
  • World Bank
  • Coal India Limited
  • Ceylon Electricity Board - Sri Lanka
  • Coalindo Energy - Indonesia
  • VISA Power Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Bangkok Bank PCL
  • Kumho Petrochemical, South Korea
  • PNOC Exploration Corporation - Philippines
  • ANZ Bank - Australia
  • Videocon Industries ltd - India
  • OCBC - Singapore
  • Surastha Cement
  • Samtan Co., Ltd - South Korea
  • PetroVietnam Power Coal Import and Supply Company
  • Idemitsu - Japan
  • Madhucon Powers Ltd - India
  • Gujarat Sidhee Cement - India
  • Thomson Reuters GRC
  • Gujarat Mineral Development Corp Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Merrill Lynch Commodities Europe
  • Bhoruka Overseas - Indonesia
  • Interocean Group of Companies - India
  • Glencore India Pvt. Ltd
  • Malabar Cements Ltd - India
  • globalCOAL - UK
  • Alfred C Toepfer International GmbH - Germany
  • Mitsui
  • Central Electricity Authority - India
  • Ernst & Young Pvt. Ltd.
  • JPower - Japan
  • Jaiprakash Power Ventures ltd
  • Krishnapatnam Port Company Ltd. - India
  • DBS Bank - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • GMR Energy Limited - India
  • Semirara Mining Corp, Philippines
  • CIMB Investment Bank - Malaysia
  • Borneo Indobara - Indonesia
  • Indonesia Power. PT
  • SGS (Thailand) Limited
  • Bukit Makmur.PT - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Intertek Mineral Services - Indonesia
  • Renaissance Capital - South Africa
  • RBS Sempra - UK
  • Independent Power Producers Association of India
  • Ministry of Mines - Canada
  • Thermax Limited - India
  • Peabody Energy - USA
  • Therma Luzon, Inc, Philippines
  • Mintek Dendrill Indonesia
  • Cebu Energy, Philippines
  • Mercuria Energy - Indonesia
  • Dalmia Cement Bharat India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Coeclerici Indonesia
  • Petron Corporation, Philippines
  • Iligan Light & Power Inc, Philippines
  • IHS Mccloskey Coal Group - USA
  • Billiton Holdings Pty Ltd - Australia
  • Carbofer General Trading SA - India
  • Planning Commission, India
  • Thai Mozambique Logistica
  • Chamber of Mines of South Africa
  • Timah Investasi Mineral - Indoneisa
  • Mjunction Services Limited - India
  • NALCO India
  • Samsung - South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Total Coal South Africa
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Vizag Seaport Private Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Kideco Jaya Agung - Indonesia
  • Japan Coal Energy Center
  • Asia Cement - Taiwan
  • Britmindo - Indonesia
  • Mechel - Russia
  • Metalloyd Limited - United Kingdom
  • Global Green Power PLC Corporation, Philippines
  • KEPCO - South Korea
  • Port Waratah Coal Services - Australia
  • Kohat Cement Company Ltd. - Pakistan
  • Mitsubishi Corporation
  • Binh Thuan Hamico - Vietnam
  • Central Java Power - Indonesia
  • Baramulti Group, Indonesia
  • JPMorgan - India
  • Russian Coal LLC
  • Inco-Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Lanco Infratech Ltd - India
  • Bharathi Cement Corporation - India
  • IOL Indonesia
  • Asian Development Bank
  • Altura Mining Limited, Indonesia
  • Anglo American - United Kingdom
  • Aditya Birla Group - India
  • Reliance Power - India
  • Standard Chartered Bank - UAE
  • Trasteel International SA, Italy
  • GHCL Limited - India
  • Kaltim Prima Coal - Indonesia
  • Gupta Coal India Ltd
  • OPG Power Generation Pvt Ltd - India
  • Qatrana Cement - Jordan
  • Sojitz Corporation - Japan
  • Asmin Koalindo Tuhup - Indonesia
  • UBS Singapore
  • Parry Sugars Refinery, India
  • Cement Manufacturers Association - India
  • Global Business Power Corporation, Philippines
  • Jindal Steel & Power Ltd - India
  • GB Group - China
  • Latin American Coal - Colombia
  • TNB Fuel Sdn Bhd - Malaysia
  • Ministry of Transport, Egypt
  • IBC Asia (S) Pte Ltd
  • World Coal - UK
  • Deloitte Consulting - India
  • Aboitiz Power Corporation - Philippines
  • Orica Australia Pty. Ltd.
  • Karaikal Port Pvt Ltd - India
  • TANGEDCO India
  • J M Baxi & Co - India
  • Meenaskhi Energy Private Limited - India
  • SRK Consulting
  • Pinang Coal Indonesia
  • Infraline Energy - India
  • GNFC Limited - India
  • Panama Canal Authority
  • Formosa Plastics Group - Taiwan
  • TNPL - India
  • Arutmin Indonesia
  • Maersk Broker
  • Berau Coal - Indonesia
  • Posco Energy - South Korea
  • Uttam Galva Steels Limited - India
  • Coal and Oil Company - UAE
  • Jatenergy - Australia
  • Mitra SK Pvt Ltd - India
  • Manunggal Multi Energi - Indonesia
  • White Energy Company Limited
  • Cigading International Bulk Terminal - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • APGENCO India
  • Semirara Mining and Power Corporation, Philippines
  • Energy Development Corp, Philippines
  • IMC Shipping - Singapore
  • Adaro Indonesia
  • Tata Power - India
  • Geoservices-GeoAssay Lab
  • Africa Commodities Group - South Africa
  • Siam City Cement - Thailand
  • bp singapore
  • Wood Mackenzie - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Sarangani Energy Corporation, Philippines
  • SN Aboitiz Power Inc, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Siam City Cement PLC, Thailand
  • Cardiff University - UK
  • Minerals Council of Australia
  • Price Waterhouse Coopers - Russia
  • Kartika Selabumi Mining - Indonesia
  • Grasim Industreis Ltd - India
  • San Jose City I Power Corp, Philippines
  • Economic Council, Georgia
  • Kobe Steel Ltd - Japan
  • Savvy Resources Ltd - HongKong
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Indo Tambangraya Megah - Indonesia
  • Noble Europe Ltd - UK
  • Merrill Lynch Bank
  • ACC Limited - India
  • CoalTek, United States
  • Shree Cement - India
  • London Commodity Brokers - England
  • SMG Consultants - Indonesia
  • Bulk Trading Sa - Switzerland
  • MEC Coal - Indonesia
  • Marubeni Corporation - India
  • Ministry of Finance - Indonesia
  • Sakthi Sugars Limited - India
  • Cemex - Philippines
  • Bhatia International Limited - India
  • Credit Suisse - India
  • Eastern Coal Council - USA
  • Electricity Generating Authority of Thailand
  • Edison Trading Spa - Italy
  • Cargill India Pvt Ltd
  • Bukit Baiduri Energy - Indonesia
  • SUEK AG - Indonesia
  • TGV SRAAC LIMITED, India
  • Clarksons - UK
  • Freeport Indonesia
  • Tanito Harum - Indonesia
  • Meralco Power Generation, Philippines
  • Enel Italy
  • Indogreen Group - Indonesia
  • Makarim & Taira - Indonesia
  • PowerSource Philippines DevCo
  • PLN Batubara - Indonesia
  • Agrawal Coal Company - India
  • Global Coal Blending Company Limited - Australia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Tamil Nadu electricity Board
  • Sree Jayajothi Cements Limited - India
  • Bank of America
  • Thiess Contractors Indonesia
  • Straits Asia Resources Limited - Singapore
  • ASAPP Information Group - India
  • Core Mineral Indonesia
  • New Zealand Coal & Carbon
  • ING Bank NV - Singapore
  • Romanian Commodities Exchange
  • Indian School of Mines
  • Bayan Resources Tbk. - Indonesia
  • South Luzon Thermal Energy Corporation
  • Mercator Lines Limited - India
  • McKinsey & Co - India
  • EIA - United States
  • Deutsche Bank - India
  • India Bulls Power Limited - India
  • Thailand Anthracite
  • Gresik Semen - Indonesia
  • Rio Tinto Coal - Australia
  • Lafarge - France
  • Rashtriya Ispat Nigam Limited - India
  • Attock Cement Pakistan Limited
  • KOWEPO - South Korea
  • McConnell Dowell - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Australian Commodity Traders Exchange
  • Xindia Steels Limited - India
  • CCIC - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Argus Media - Singapore
  • PLN - Indonesia
  • The India Cements Ltd
  • Barasentosa Lestari - Indonesia
  • KPMG - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • Larsen & Toubro Limited - India
  • Banpu Public Company Limited - Thailand
  • Adani Power Ltd - India
  • The State Trading Corporation of India Ltd
  • Xstrata Coal
  • GVK Power & Infra Limited - India
  • Directorate Of Revenue Intelligence - India
  • Rudhra Energy - India