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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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Wednesday, 22 April 15
TANKER MARKET INSIGHT - STRATOS TINIAKOS
The current environment we experience as a result of low crude oil prices is characterized by the increased demand for petroleum products in OECD c ...
Tuesday, 21 April 15
SUB-BIT FOB INDONESIA COAL SWAP: GAINED W-O-W; DECLINED M-O-M
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week and declined month on month.
The Q2 swap was declined US$ 1.75 ( ...
Tuesday, 21 April 15
FOB RICHARDS BAY COAL SWAP MOVE UP SLIGHTLY
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased slightly month over month.
The Q2 swap has increased US$ 0.2 ...
Monday, 20 April 15
BUKIT ASAM TAKES OVER STAKE IN JV FROM RAJAWALI - JP
State-owned coal miner PT Bukit Asam (PTBA) announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created ...
Monday, 20 April 15
FOB NEWCASTLE COAL SWAP GAINED WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.54 per MT (-7.21%) month over month and gained US$ 0.30 week ...
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- Wood Mackenzie - Singapore
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- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
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- Deloitte Consulting - India
- Indogreen Group - Indonesia
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- CNBM International Corporation - China
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- The Treasury - Australian Government
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- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- The University of Queensland
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
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- Petron Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
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- Indian Oil Corporation Limited
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- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
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- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
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- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
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- Indian Energy Exchange, India
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- Singapore Mercantile Exchange
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- South Luzon Thermal Energy Corporation
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- PowerSource Philippines DevCo
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- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
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