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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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Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...
Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year
COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...
Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...
Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...
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- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
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