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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, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
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