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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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Tuesday, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO 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, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
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