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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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Tuesday, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.
The index, released by Chi ...
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
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- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
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