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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, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...
Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...
Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.
Analysts said pr ...
Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.
The index, released by China Ta ...
Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...
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- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Australian Coal Association
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
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