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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, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
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