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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, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
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Wednesday, 24 October 18
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Chinese power plant coal stockpiles have climbed to approximately 83.3 million tons as of the middle of this month, said Jeffrey Landsberg in his e ...
Tuesday, 23 October 18
WILL THE U.S. COAL DECLINE CONTINUE? - FORBES
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Monday, 22 October 18
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- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
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- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
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- Mercuria Energy - Indonesia
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- Minerals Council of Australia
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- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
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- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
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- Ministry of Finance - Indonesia
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- Intertek Mineral Services - Indonesia
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- Coal and Oil Company - UAE
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
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- Global Green Power PLC Corporation, Philippines
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- Siam City Cement PLC, Thailand
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- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
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- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
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- ICICI Bank Limited - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
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- Manunggal Multi Energi - Indonesia
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- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
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- PTC India Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Globalindo Alam Lestari - Indonesia
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- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Indika Energy - Indonesia
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