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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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Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Tuesday, 29 April 14
NEWCASTLE SHIPPED 3.03 MILLION TONS WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 28 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Tuesday, 29 April 14
Q2 API 8 CFR SOUTH CHINA COAL SWAP LOST 0.29% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 0.29 percent month on month and closed at US$ 75.43 per mt as o ...
Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
Coal will remain dominant supply at 64% of power mix
Wood Mackenzie forecasts that China will not meet its environmentally-driven, government ...
Sunday, 27 April 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK
COALspot.com: The freight market seems to have bottomed out and saw some marginal gains in all segments, said Capt. Reddy of Vistaar Shipping In ...
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- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
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