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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, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.9 ...
Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 21 April 14
Q1'15 SUB-BIT FOB INDONESIA COAL SWAP SHOWING A POSITIVE TREND
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 21 April 14
Q4 2014 AND Q1 2015 COAL SWAPS CLOSED MARGINALLY HIGHER COMPARED TO Q2 PRICES
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 0.87 percent month on month and closed at US$ 76.15 per mt as ...
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- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
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