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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, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
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