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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, 07 May 13
NEWCASTLE PORT'S COAL EXPORTS HOLD STEADY WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,975,160 tons of thermal and coking coal for week ended 0700 hours 6 May 2013, Newcastl ...
Monday, 06 May 13
INDONESIAN COAL PRICE REFERENCE FALLS CONTINUE
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $ 3.23 / MT in May 2013.
The monthly coal pr ...
Sunday, 05 May 13
SUB-BIT FOB INDONESIA COAL - MIXED TREND; API 8 CFR SOUTH CHINA COAL - POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average June 2013 delivery has gained 0.28 percent and API 8 CFR South China Coal shipment&nb ...
Saturday, 04 May 13
INDONESIA TO INDIA PANAMAX FREIGHT : FLAT TO SOFT - CAPT. REDDY
COALspot.com - The demand for iron ore picked up and its pushed up the cape size index by 7.86 pct. Cape index closed at 1,344 points. The BDI ...
Friday, 03 May 13
US PRODUCED 17.9 MILLION SHORT TONS (MMST) OF COAL IN A WEEK
COALspot.com - U.S. produced totaled approximately 17.9 million short tons (mmst) in a week (For the week ended April 27, 2013), EIA said in its lat ...
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- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
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