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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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Monday, 04 January 21
U.S. RENEWABLE ENERGY CONSUMPTION SURPASSES COAL FOR THE FIRST TIME IN OVER 130 YEARS - EIA
In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S ...
Monday, 04 January 21
BLISS FOR SHIPOWNERS! DAMAGES MAY BE CLAIMED IN ADDITION TO DEMURRAGE FOR VOYAGE CHARTERPARTY DELAY - WFW
KNOWLEDGE TO ELEVATE
In a significant decision for the maritime sector, The Eternal Bliss[1], the English Commercial Court has resol ...
Sunday, 03 January 21
INDIA: COMMERCE MINISTRY LAUNCHES COAL IMPORT MONITORING SYSTEM - PTI
CIMS shall require importers to submit advance information in an online system for imports of items and obtain an automatic registration number by ...
Wednesday, 30 December 20
A LOOK BACK INTO 2020: THE HEADWINDS, THE TAILWINDS AND EVERYTHING IN BETWEEN - SIGNAL
There is no doubt that 2020 has been a turbulent year for commercial shipping. The coronavirus pandemic has shaken the global maritime transport. T ...
Tuesday, 29 December 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.66 PCT - XINHUA
China Taiyuan coal transaction price index stood at 134.78 points Monday, up 0.66 percent week on week.
The index, released by China ...
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- Bhatia International Limited - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Ministry of Mines - Canada
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
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