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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 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
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Showing 2036 to 2040 news of total 6871 |
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- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- The University of Queensland
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
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