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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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Tuesday, 30 November 99
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Showing 6871 to 6871 news of total 6871 |
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- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
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