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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, 26 June 21
KOSPO INVITED BIDS FOR 480,000 MT OF COAL PER ANNUM
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 480,000 MT of NCV 1 Min. 5,600 (Spec 1) /Min. 5,0 ...
Thursday, 24 June 21
FEBRUARY'S INCREASE IN COAL-FIRED ELECTRIC GENERATION REDUCED U.S. COAL STOCKPILES - EIA
Coal stockpiles at U.S. power plants decreased significantly from December 2020 to February 2021, including a draw of nearly 16 million tons in Feb ...
Wednesday, 23 June 21
MARKET INSIGHT - INTERMODAL
The first half of 2021 has brought a very sharp and continued recovery in the dry bulk market and while many where expecting a relatively strong ma ...
Thursday, 17 June 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR GLOBAL SEABORNE COAL TRADE; CHINA'S COAL IMPORTS - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade.
Total global loadings in the 12 months of 2020 were down -12 ...
Thursday, 17 June 21
FITCH RATINGS RAISES SHORT-TERM OIL AND GAS PRICE ASSUMPTIONS
Fitch Ratings has increased its 2021 and 2022 oil price assumptions for the Brent and West Texas Intermediate (WTI) benchmarks due to stronger year ...
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- Latin American Coal - Colombia
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- Kapuas Tunggal Persada - Indonesia
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- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
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- Bulk Trading Sa - Switzerland
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- Africa Commodities Group - South Africa
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- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
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- SMC Global Power, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Australian Coal Association
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
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- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
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- VISA Power Limited - India
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- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
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- Coal and Oil Company - UAE
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- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
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- The University of Queensland
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
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- ICICI Bank Limited - India
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- Georgia Ports Authority, United States
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Transport, Egypt
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- London Commodity Brokers - England
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
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- Chamber of Mines of South Africa
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- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
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- GVK Power & Infra Limited - India
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- Jaiprakash Power Ventures ltd
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- Merrill Lynch Commodities Europe
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- San Jose City I Power Corp, Philippines
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- Iligan Light & Power Inc, Philippines
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- Electricity Authority, New Zealand
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- Bangladesh Power Developement Board
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- Metalloyd Limited - United Kingdom
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- Manunggal Multi Energi - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
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- Deloitte Consulting - India
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- Mjunction Services Limited - India
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