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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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Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
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- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Planning Commission, India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
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