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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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Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
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- Lanco Infratech Ltd - India
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- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- The University of Queensland
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- SMC Global Power, Philippines
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
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