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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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Friday, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...
Friday, 31 July 15
COAL PRODUCTION IN THE U.S. UP 3.6% FOR THE WEEK ENDING JULY 25
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Friday, 31 July 15
CHINA'S NEW OIL IMPORT RULES HAVE MINIMAL IMPACT ON STATUS QUO - FITCH
Fitch Ratings says that China's looser criteria for crude oil import rights are a positive but modest step towards encouraging private-sector p ...
Thursday, 30 July 15
EFFECTS OF THE CHINESE STOCK MARKET CRISIS - INTERMODAL
All evidence is currently signaling that the Chinese stock market will be the newest hurdle for the global economy. With the world's second lar ...
Wednesday, 29 July 15
Q1'16 FOB INDONESIA COAL SWAP CLOSED HIGHER THAN Q3'15
COALspot.com: Indonesian coal swap for delivery Q3 2015 declined month on month and gains week over week, this past week.
The Q3 swap was decl ...
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- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
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- Edison Trading Spa - Italy
- CNBM International Corporation - China
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- Directorate General of MIneral and Coal - Indonesia
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- Energy Development Corp, Philippines
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- Planning Commission, India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
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- Mintek Dendrill Indonesia
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- Siam City Cement - Thailand
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- Electricity Generating Authority of Thailand
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- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
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- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
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- Larsen & Toubro Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
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- Sakthi Sugars Limited - India
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- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sindya Power Generating Company Private Ltd
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- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
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- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Commonwealth Bank - Australia
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- The State Trading Corporation of India Ltd
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- Savvy Resources Ltd - HongKong
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- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
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