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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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Wednesday, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
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Wednesday, 25 March 20
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Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
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Wednesday, 25 March 20
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In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
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- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
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