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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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Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
Friday, 22 July 22
MARKET INSIGHT - INTERMODAL
Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, man ...
Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-le ...
Wednesday, 20 July 22
BOOST FOR BIOFUELS AS IMO REMOVES REGULATORY HURDLE - GARD
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory req ...
Wednesday, 20 July 22
INDONESIA’S COAL EXPORTS TO THE EU INCREASED SIGNIFICANTLY RECENTLY
European countries have increased coal imports from Indonesia due to the energy crisis that hit the region after Russia cuts gas exports to Europe. ...
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- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Australian Coal Association
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
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