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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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Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China d ...
Thursday, 07 May 20
UKRAINE PRODUCES 2.5 MLN TONNES OF COAL IN APRIL - UKRINFORM
Ukraine produced 2.5 million tonnes of coal in April 2020, which is 39% less than planned, according to the Coal Miners Union of Ukraine.
...
Thursday, 07 May 20
INDIA: GOVT TO DO AWAY WITH MANDATORY WASHING OF COAL FOR THERMAL POWER UNITS - BUSINESS STANDARD
The Centre is planning to do away with the mandatory requirement of washing of coal before it is transported to thermal power stations. The Ministr ...
Thursday, 07 May 20
CIL'S SUPPLY TO POWER SECTOR FALLS IN MARCH AMID SLUMP IN COAL DEMAND - PTI
The supply of coal to the power sector by state-owned CIL registered a decline of eight per cent to 42.30 million tonne in March in the wake of slu ...
Thursday, 07 May 20
COAL PRICE REFERENCE FALL SHARPLY IN MAY 2020 DUE TO CORONAVIRUS OUTBREAK
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
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- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
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