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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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Thursday, 10 February 22
EIA ANALYSIS CONSIDERS DIFFERENT OUTCOMES FOR COAL MARKETS IN INDIA AND SOUTHEAST ASIA
In our International Energy Outlook 2021 (IEO2021) Issues in Focus: Uncertainty in Coal Trade in India and Greater Southeast Asia, we analyze three ...
Wednesday, 09 February 22
OIL PRICES: "IT'S GOING TO BE VERY EASY" TO GET TO $100/BARREL, ANALYST SAYS - YAHOO FINANCE
Energy and oil prices have been on fire over the last six months — and expect them to go higher, says one analyst.
“For ...
Wednesday, 09 February 22
MARKET INSIGHT - INTERMODAL
Iron ore prices have jumped significantly in the week prior to the Chinese New Year with traders and producers stocking up on raw materials. China& ...
Wednesday, 09 February 22
FEBRUARY HBA HITS RECORD HIGH IN 2022 ON INDONESIA’S EXPORT BAN IN JANUARY, WORSEN SUPPLY, UKRAINE TENSIONS
COALspot.com: Indonesian Coal Price Reference for February in a steep climb from January 2022.
As expected in January the Indonesia ...
Wednesday, 09 February 22
CHINESE COAL MARKS BEST DAY IN 4 MONTHS ON TIGHT SUPPLY, HIGH DEMAND - REUTERS
China’s coal futures on Tuesday recorded their best session since Bejing’s mid-October intervention to cool runaway prices, aided by co ...
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- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- PTC India Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
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