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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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Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
Mining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year ...
Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
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Showing 1616 to 1620 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Australian Commodity Traders Exchange
- Planning Commission, India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
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