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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, 11 March 13
SUB-BIT FOB INDONESIA COAL SWAPS FELL 1.41 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 1.41percent and CFR South China coal shipment ...
Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points, ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference ...
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- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
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