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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, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
Wednesday, 24 November 21
PRICE OF CHINA’S COAL FUTURE DROPS BY 60% AS NATIONWIDE DAILY OUTPUT REACHES OVER 12 MILLION TONS: NDRC - GLOBAL TIMES
China’s daily coal output has now stabilized after reaching over 12 million tons and the price of coal futures has declined to 800 yuan ($125 ...
Friday, 19 November 21
CHINA: COAL SUPPLIES TO STABILIZE FOR COMING COLD SEASON
China is capable of ensuring stable coal supplies this winter and next spring with the increase in coal production and the rising stockpiles at pow ...
Wednesday, 17 November 21
MARKET INSIGHT - INTERMODAL
It has been another declining week for the dry bulk market and evidently, we are seeing asset values gradually losing momentum as well. Following a ...
Tuesday, 16 November 21
EARNINGS RECOVERY IN INDONESIAN COAL TO CONTINUE THROUGH 2021, BUT SLOW IN 2022 - FITCH RATINGS
The recovery in the operating and financial performance of Indonesian coal miners and coal contractors is likely to slow in 2022, but coal prices s ...
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- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Planning Commission, India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
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