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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
 COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0.79 lesser than June 2011 Price.
This coal benchmark price was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the June 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% (arb), Ash Content 15 % (arb) and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 31 July 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA & HPB) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.33 percent higher Y-o-Y.
The price was only valid for spot price, while as for term price, the average referance price (HPB) of the previous 3 months.(50% of last month HPB, 30% of a month earlier HPB and 20% of two months earlier HPB) 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 government also drafting a regulation to ban coal with calorific value below 5100 kcal/kg on air dried basis for the export market by 12 January 2014. Indonesian coal producers were asked to add value for their product such as washing, crishing, blending and upgrading to have higher-value product prior to eye on the export market.
Raw coal export will also be restricted.
Indonesian physical coal prices also seem to be soft this week due to less demand from chinese buyers. Coal miner PT Bayan Resources Tbk, has recently entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal for 15 years commencing on 2015 to an Indian company.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Sunday, 30 January 22
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- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Australian Coal Association
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Economic Council, Georgia
- PTC India Limited - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
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