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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, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Price Waterhouse Coopers - Russia
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- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Intertek Mineral Services - Indonesia
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- Indian Oil Corporation Limited
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- Medco Energi Mining Internasional
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- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
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- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
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- Alfred C Toepfer International GmbH - Germany
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- Tata Chemicals Ltd - India
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- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
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- GMR Energy Limited - India
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- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
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- Coal and Oil Company - UAE
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- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
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- International Coal Ventures Pvt Ltd - India
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- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
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- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
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- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
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- The State Trading Corporation of India Ltd
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- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
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- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Orica Mining Services - Indonesia
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- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
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- Metalloyd Limited - United Kingdom
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- Romanian Commodities Exchange
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- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
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- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
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- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
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- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
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- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
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