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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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Friday, 18 September 20
INDIA'S COAL-FIRED POWER OUTPUT PICKS UP AS INDUSTRIAL USE RISES - REUTERS
India’s coal-fired electricity generation rose 9.4% in the first half of September, provisional government data showed, as demand from indust ...
Friday, 18 September 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 ...
Thursday, 17 September 20
LAST HOPES FOR DEMAND GROWTH SET TO DISAPPOINT THERMAL COAL EXPORTERS - IEEFA
Asian thermal coal exporters are fighting an uphill battle even in new markets
The world’s largest thermal coal exporter is eyeing new m ...
Wednesday, 16 September 20
MARKET INSIGHT - INTERMODAL
Another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction ...
Friday, 11 September 20
IMO 2020: A REVIEW OF THE TRANSITION TO VLSFOS - GARD
KNOWLEDGE TO ELEVATE
Many predictions were made in the run up to the imposition of the MARPOL 2020 sulphur cap, none of which was that the tra ...
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- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
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