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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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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Goldman Sachs - Singapore
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- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
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- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Indian Oil Corporation Limited
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Power Finance Corporation Ltd., India
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- Australian Coal Association
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- Thiess Contractors Indonesia
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- Mjunction Services Limited - India
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- Singapore Mercantile Exchange
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- PTC India Limited - India
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- The University of Queensland
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- Renaissance Capital - South Africa
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- Bhatia International Limited - India
- Edison Trading Spa - Italy
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- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
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- Larsen & Toubro Limited - India
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- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
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- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
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- Billiton Holdings Pty Ltd - Australia
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- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- India Bulls Power Limited - India
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- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
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- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
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- Eastern Energy - Thailand
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- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
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- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
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- CNBM International Corporation - China
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- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
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- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
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- Deloitte Consulting - India
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- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
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- Maheswari Brothers Coal Limited - India
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- Global Business Power Corporation, Philippines
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- Bulk Trading Sa - Switzerland
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- Chamber of Mines of South Africa
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- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
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- Xindia Steels Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
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