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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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Wednesday, 06 July 16
KOMIPO INVITES BIDS FOR 780000 MT OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Wednesday, 06 July 16
MARKET INSIGHT - VASSILIS VASSILIOU
After a fairly silent first half of the year in the ship repair sector, we have finally a harmonized workload in the shipyards around the world. Ma ...
Tuesday, 05 July 16
DRY BULK SHIPPING'S RECOVERY NOT SEEN UNTIL 2018 - SGX
SGX freight derivative volumes totaled 36,542 contracts in June (-28% m/m; +52% y/y), while open interest averaged 121,189 contracts during the mon ...
Tuesday, 05 July 16
SPOT COAL INDEXES FOR INDONESIAN COAL CONTINUE TO HOLD FIRM - CS COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up by 0.83 percent week over week to averaging $39.98 per ton this past week, sh ...
Monday, 04 July 16
INDONESIA COAL PRICE REFERENCE CLIMBED 2.30% IN JULY
COALspot.com: The Indonesia Coal Benchmark Price increased in July 2016.
The Director General of Mineral and Coal of Indonesia, the r ...
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- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
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- Bangladesh Power Developement Board
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- Bhushan Steel Limited - India
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- Economic Council, Georgia
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- Power Finance Corporation Ltd., India
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- White Energy Company Limited
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- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
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- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
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- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
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- Energy Development Corp, Philippines
- Thai Mozambique Logistica
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- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
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