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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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- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Australian Coal Association
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- The University of Queensland
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
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