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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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Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...
Wednesday, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
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- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Petron Corporation, Philippines
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
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