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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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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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- Simpson Spence & Young - Indonesia
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- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
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- South Luzon Thermal Energy Corporation
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
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- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
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- Cement Manufacturers Association - India
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- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
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- Georgia Ports Authority, United States
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- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
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- Electricity Authority, New Zealand
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
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- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
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- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
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- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
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- Indo Tambangraya Megah - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
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- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
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- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
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- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
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- Eastern Coal Council - USA
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