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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, 01 February 16
INDONESIA'S SECOND LARGEST COAL MINER ADARO ENERGY HAS PRODUCED 51.46 MT IN 2015; 8% LOWER COMPARED TO FY14
COALspot.com: Adaro Energy, the Indonesia’s second largest coal producer by volume has produced 51.46 Mt in 2015, 8% lower compared to ...
Sunday, 31 January 16
BDI CONTINUED ITS FALL AND CLOSE AT A FRESH RECORD LOW ON FRIDAY
COALspot.com: The Baltic Dry Index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, continued it ...
Friday, 29 January 16
INDONESIAN BENCHMARK COAL PRICE SETTLES DOWN $ 0.31, OR 0.58%, AT $ 53.20 A TON
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further down in January 2016. HBA has slumped by 0.58 ...
Friday, 29 January 16
U.S. COAL PRODUCTION OFF 2 PERCENT FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 milli ...
Thursday, 28 January 16
COAL REMAINS THE NO.1 FUEL FOR POWER GENERATION - EXXONMOBIL
COALspot.com: Energy demand trends from 2010 to 2040 are expected to vary significantly around the world, as countries move along very different tr ...
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- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
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