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