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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- The University of Queensland
- Mjunction Services Limited - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
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