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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, 24 February 21
MARKET INSIGHT - INTERMODAL
With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantl ...
Sunday, 21 February 21
ANZ DIVESTING FROM THE WORLD’S LARGEST COAL EXPORT PORT IS 'PRAGMATISM' - IEEFA
The biggest buyers of Australian thermal coal have committed to net-zero emissions
ANZ, Australia’s third largest bank, has decided to s ...
Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment ...
Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. ...
Friday, 12 February 21
U.S: WIND SURPASSED COAL AS NO. 1 FUEL SOURCE IN 2020 FOR SOUTHWEST POWER POOL - IEEFA
Wind energy growth due to geography, design factors, and new installations
Wind surpassed coal as the primary power generation sourc ...
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- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
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- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Mercator Lines Limited - India
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- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
- Standard Chartered Bank - UAE
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- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Price Waterhouse Coopers - Russia
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- Posco Energy - South Korea
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- White Energy Company Limited
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- ASAPP Information Group - India
- New Zealand Coal & Carbon
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- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
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- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
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- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
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- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
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- International Coal Ventures Pvt Ltd - India
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- Tamil Nadu electricity Board
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
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- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
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- Medco Energi Mining Internasional
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- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
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- The University of Queensland
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- Ministry of Transport, Egypt
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