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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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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Tamil Nadu electricity Board
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
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