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