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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, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
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Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
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Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Siam City Cement - Thailand
- MS Steel International - UAE
- GMR Energy Limited - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- The University of Queensland
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
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