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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, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
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- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
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- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
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- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
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- Riau Bara Harum - Indonesia
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- Wilmar Investment Holdings
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- Tata Chemicals Ltd - India
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- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
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- International Coal Ventures Pvt Ltd - India
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- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
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- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
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- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
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- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Planning Commission, India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Bhatia International Limited - India
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