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