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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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Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
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- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
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