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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, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
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Tuesday, 08 December 20
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Friday, 04 December 20
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Friday, 04 December 20
THE INDONESIA COAL PRICE REFERENCE REACHES THREE MONTH HIGH ON IMPROVING DEMAND OUTLOOK
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Wednesday, 02 December 20
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- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Planning Commission, India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
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