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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Planning Commission, India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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