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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, 17 September 14
SHIPPING MARKET INSIGHT - GEORGE LAZARIDIS
Since the onslaught of 2013 the rising tide of asset prices had been primarily driven by the increasing freight market conditions and the improving ...
Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for ...
Tuesday, 16 September 14
INDONESIAN COAL OUTPUT WON'T EXCEED 421M TONS: GOVT - JP
The government is optimistic that it will meet its coal production target for this year, which caps nationwide production at a flat number compared ...
Monday, 15 September 14
CHINA'S COAL PROPOSALS LEAVE SOME HOPE FOR EXPORTERS - DAILY NEWS
When the best thing you can say about new policies is that they aren’t as bad as they could have been, then you know your industry is in deep ...
Monday, 15 September 14
SUB-BIT FOB INDONESIA COAL SWAP, JANUARY 2015 DELIVERY GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.40 (+0.78%) day on day and US$ 0.55 (+1.08%) per mt week on week. The ...
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- Rio Tinto Coal - Australia
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- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
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- White Energy Company Limited
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- Coal and Oil Company - UAE
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- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
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- Africa Commodities Group - South Africa
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- Energy Link Ltd, New Zealand
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- Indika Energy - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- The Treasury - Australian Government
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- Australian Commodity Traders Exchange
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- Wood Mackenzie - Singapore
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- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
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- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
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- Independent Power Producers Association of India
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- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Deloitte Consulting - India
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- GN Power Mariveles Coal Plant, Philippines
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- Kobexindo Tractors - Indoneisa
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- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
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- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
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- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
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- Essar Steel Hazira Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
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- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
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- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
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- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
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- Economic Council, Georgia
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- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Bhushan Steel Limited - India
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- Rashtriya Ispat Nigam Limited - India
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- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
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- Commonwealth Bank - Australia
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