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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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Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
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- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
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