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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, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
Friday, 29 January 21
OPEC+, COVID-19 AND ENERGY TRANSITION - 3 THEMES IMPACTING OIL MARKETS AND REFINING IN 2021 - WOOD MACKENZIE
Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key them ...
Thursday, 28 January 21
STRONG CHINESE THERMAL COAL IMPORTS TO BENEFIT INDONESIAN MINERS IN THE NEAR TERM - FITCH RATINGS
China's thermal coal imports are likely to remain strong ahead of the Chinese New Year in mid-February on robust demand, high utilisation at do ...
Thursday, 28 January 21
WIND PROPULSION FOR DRY BULK CARRIERS - OLDENDORFF
Oldendorff Carriers (OC) has signed a Joint Development Project (JDP) with Anemoi Marine Technologies (Anemoi), Lloyd’s Register (LR) and Sha ...
Thursday, 28 January 21
BUMA PRICED A USD400 MILLION 7.75% 5-YEAR SENIOR NOTES
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama priced a USD400 million 5-year (non-callable 2-year)& ...
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- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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