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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, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) ...
Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
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- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- White Energy Company Limited
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- The University of Queensland
- The Treasury - Australian Government
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Interocean Group of Companies - India
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