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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, 29 September 14
INDONESIAN COAL EXPORT VOLUME FALL IN AUGUST
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
Monday, 29 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average November 2014 flat day on day and lost US$ 0.85 (-1.66%) per mt week on week. The swap also lost US ...
Monday, 29 September 14
CFR SOUTH CHINA COAL LOST AROUND 5% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 3.55 (-5.10%) month over month and flat week over week.
...
Sunday, 28 September 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market shows a bit weak trend this week.
The BDI was lost 2.42% week on week and closed at 1049 points on 26 Se ...
Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the gover ...
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- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- PTC India Limited - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Economic Council, Georgia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- ASAPP Information Group - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
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