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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 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
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- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- PTC India Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
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