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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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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid ...
Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
Shipping, although a conservative and innovation adverse industry, is currently in a transition period of digital transformation. According to a su ...
Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Australian Coal Association
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
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