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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, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
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- Bulk Trading Sa - Switzerland
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- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
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- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
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- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
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- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
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- Indika Energy - Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
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- Billiton Holdings Pty Ltd - Australia
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- Wilmar Investment Holdings
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- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- London Commodity Brokers - England
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Ministry of Mines - Canada
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
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- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
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- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
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- Planning Commission, India
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- Thiess Contractors Indonesia
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- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- CNBM International Corporation - China
- Australian Coal Association
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement PLC, Thailand
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