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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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Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, said ban ...
Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...
Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...
Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...
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- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- The Treasury - Australian Government
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
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