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