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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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Monday, 18 April 22
DEMAND FOR THERMAL COAL TO RISE DUE TO INCREASE IN ELECTRICITY DEMAND: INDIAN COAL MINISTRY - PTI
Coal block allocatees have a golden opportunity to augment production as the demand for thermal coal will rise due to an increase in electricity de ...
Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.
As expected, Russia – Ukraine war dr ...
Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the ...
Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...
Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
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- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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