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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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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
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