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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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Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
Wednesday, 21 October 20
MARKET INSIGHT - INTERMODAL
The second wave of COVID-19 is now a reality; offices are closing again, and stricter rules and regulations are being implemented in public spaces. ...
Tuesday, 20 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.82 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.49 points Monday, up 0.82 percent week on week.
The index, released by China ...
Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes ...
Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...
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- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Posco Energy - South Korea
- White Energy Company Limited
- Sical Logistics Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
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