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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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Friday, 06 September 24
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- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Eastern Coal Council - USA
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
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