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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, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
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- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
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- Orica Australia Pty. Ltd.
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- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
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- Eastern Energy - Thailand
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- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Mintek Dendrill Indonesia
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- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
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- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
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- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
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- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
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- Meenaskhi Energy Private Limited - India
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- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
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- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
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- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
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