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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- The University of Queensland
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
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