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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, 18 March 14
SECOND QUARTER SUB-BIT FOB INDONESIA COAL SWAP LOST 3.27% IN A MONTH
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Tuesday, 18 March 14
NEWCASTLE COAL EXPORT VOLUME FALLS 26.23% WEEK ON WEEK
COALspot.com: In the week ended 17 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 17 March 14
API 8 CFR SOUTH CHINA COAL SWAPS FOR AVERAGE Q2 14 DELIVERIES LOST 2.59% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.59 percent month on month and closed at US$ 74.15 per mt as o ...
Sunday, 16 March 14
BDI DOWN ON LOW CAPESIZE ACTIVITY
COALspot.com: The freight market was slightly soft this week with BDI down by 4.28 pct week on week. The BDI closed at 1,477 points and the cape ...
Friday, 14 March 14
DRY BULK MARKET ENTERS RECOVERY MODE, ON INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has entered and sustained higher ground as of this week, on the back on increased Capesize demand. Although the situation in ...
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- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Siam City Cement - Thailand
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- Rio Tinto Coal - Australia
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- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
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- Kohat Cement Company Ltd. - Pakistan
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- MS Steel International - UAE
- Economic Council, Georgia
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- Mercator Lines Limited - India
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- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
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- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
- GMR Energy Limited - India
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- Tata Chemicals Ltd - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Transport, Egypt
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- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
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- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
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- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
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- Romanian Commodities Exchange
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- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
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- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
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- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
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- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
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- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
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- Energy Development Corp, Philippines
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- Bangladesh Power Developement Board
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- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
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- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Mjunction Services Limited - India
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- Australian Coal Association
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- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
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- San Jose City I Power Corp, Philippines
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- Mercuria Energy - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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