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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, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Planning Commission, India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Australian Coal Association
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
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