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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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Friday, 06 March 20
COLOMBIAN COAL OUTPUT FELL 2% IN 2019 - REUTERS
Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the princi ...
Friday, 06 March 20
SOLID BACKING FOR LNG AS A MARINE FUEL - BALTIC EXCHANGE
When it comes to choosing the best fuel on the near horizon to help the international shipping industry shrink its carbon intensity by 2050, DNV GL ...
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Thursday, 05 March 20
PANAMAX: SHIP-OWNERS HAVE MOSTLY BEEN GETTING HIGHER RATES THAN THE LAST DONE - FEARNLEYS
Cape
There is still limited amount of positive news around, with the effects of Corona virus hurting world economy. However, overall average in ...
Thursday, 05 March 20
COAL IMPORTS DOWN IN MAJOR ASIAN MARKETS, AND CORONAVIRUS NOT THE DRIVING FORCE - CLYDE RUSSELL
Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weak ...
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- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
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