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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, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
Monday, 22 September 14
CFR SOUTH CHINA COAL SWAPS LOST ON DAY, WEEK AND MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 3.10 (-4.50%) month over month and $ 0.95 PT MT week over ...
Monday, 22 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.35 (+0.69%) day on day and lost US$ 0.30 (-0.58%) per mt week on week. ...
Sunday, 21 September 14
CAPE INDEX LOST 17% W-O-W ; BALTIC DRY PLUNGES 106 POINTS
COALspot.com: This week the freight market softened a bit compared to last week.
BDI fell 8.97% week on week and closed BDI at 1075 points on ...
Friday, 19 September 14
U.S. WEEKLY COAL PRODUCTION RELATIVELY FLAT AT +0.1% - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
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- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Planning Commission, India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
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