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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, 16 November 21
INDONESIA’S 2022 COAL USE FOR POWER GENERATION SET TO RISE 3% - REUTERS
Indonesia’s coal consumption for power generation is likely to rise by 3.1% next year compared to 2021, the head of the country’s state ...
Tuesday, 16 November 21
CHINA'S MONTHLY COAL OUTPUT RISES TO HIGHEST SINCE MARCH 2015 - REUTERS
China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame reco ...
Friday, 12 November 21
RUSSIA-INDIA COKING COAL DEAL UNLIKELY TO IMPACT PANAMAX SHIPPING - DREWRY
Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Dre ...
Friday, 12 November 21
ASIA COAL POWER PIPELINE TO SHRINK BY TWO THIRDS AFTER CHINA FINANCE CUT - REUTERS
Asia’s pipeline of proposed coal-fired power plants is expected to shrink from 65 gigawatts to 22 gigawatts following China’s pledge to ...
Friday, 12 November 21
INDONESIAN COAL PRICE REFERENCE TOPS $215 A TON; THE HIGHEST COAL PRICE IN HISTORY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second half of 2021 as it reached a pinnacle of $215.01 in November 2021 ...
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- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Australian Coal Association
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- The University of Queensland
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
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