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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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Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such v ...
Monday, 10 October 22
ENERGY TRANSITION BOOSTS GLOBAL LONG-TERM DEMAND FOR METALS - FITCH RATINGS
The energy transition will significantly increase demand for metals used in manufacturing of electric vehicles (EVs) and renewable power generation ...
Monday, 10 October 22
GLOBAL CEOS EXPECT IMPENDING RECESSION TO BE 'SHORT AND SHARP,' POLL SHOWS - CNBC
Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm KPMG, which said more than ...
Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soa ...
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- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
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