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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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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- London Commodity Brokers - England
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- The University of Queensland
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- White Energy Company Limited
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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