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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, 09 June 20
BUNKER SUPPLY CONTRACTS - KEY CONSIDERATIONS FOR THE BUYER - GARD
KNOWLEDGE TO ELEVATE
Regardless of whether a buyer purchases fuel directly from physical suppliers or via brokers or traders and whether sale ...
Tuesday, 09 June 20
INDIA: COAL IMPORT DROPS BY 20% TO NEARLY 19 MILLION TONNES IN MAY, SAYS REPORT - HINDUSTAN TIMES
The country’s coal import dropped by 20 per cent to 18.93 million tonnes (MT) last month, industry data showed.
The government ...
Monday, 08 June 20
WOOD MACKENZIE: THE INDISPENSABLE OPEC+
Rumours of “the death of OPEC” have been circulating for almost as long as the organisation has existed. Just three years after the car ...
Monday, 08 June 20
CHINA'S COAL IMPORTS FALL NEARLY 20% IN MAY EVEN AS DEMAND RISES - REUTERS
China’s coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, custo ...
Monday, 08 June 20
JUNE 2020 INDONESIAN COAL PRICE REFERENCE HIT US$ 52.98 A TON, ITS LOWEST LEVEL SINCE AT LEAST AUGUST 2016
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...
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- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- VISA Power Limited - India
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
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