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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
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