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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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Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
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- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
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