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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, 10 September 12
TNPL, AN INDIAN PAPER MAKER IS SEEKING FOR 300K MT OF IMPORTED NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 6 Shipments about 50,0 ...
Monday, 10 September 12
DRY BULK MARKET SLOWLY BUT SURELY REACHING CRITICAL STATUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The radical consequences of the shifts in dry bulk demand and prices, especially for the most sought after commodity, concerning the industry, i.e. ...
Monday, 10 September 12
ORPHEUS ENERGY SECURES INDONESIAN COAL TRADING LICENSE
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced today that the Indonesian Ministry of Energy and Mineral Resources h ...
Monday, 10 September 12
A SNAPSHOT ON THE ECONOMIC AND SHIPPING ENVIRONMENT - GOLDEN DESTINY / HELLENIC SHIPPING
The European Central Bank left its interest rate unchanged at 0.75% focusing on pushing down borrowing costs in troubled economies, Spain and Italy. ...
Sunday, 09 September 12
H213 SUB-BIT FOB INDONESIA COAL SWAPS ARE TRADING HIGHER
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 0.14 percent W-O-W on 7 September 2012, Friday closing but gained ...
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- Ministry of Finance - Indonesia
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- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
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- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Marubeni Corporation - India
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- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Merrill Lynch Commodities Europe
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- Standard Chartered Bank - UAE
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- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
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- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
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- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
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- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
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- Posco Energy - South Korea
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- Bukit Asam (Persero) Tbk - Indonesia
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- Thiess Contractors Indonesia
- Aditya Birla Group - India
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- Medco Energi Mining Internasional
- Parliament of New Zealand
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- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
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- The Treasury - Australian Government
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- Mercator Lines Limited - India
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- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
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- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
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- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
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- Australian Coal Association
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- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
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