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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, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...
Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.
The global shipping industry is on course to perform better overall than we had previously ex ...
Friday, 13 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and ...
Monday, 09 November 20
SOUTH AFRICA: COAL MARKET CONDITIONS HAVE ' DETERIORATED MATERIALLY' - IEEFA
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine i ...
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- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- VISA Power Limited - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
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