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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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Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Planning Commission, India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Australian Coal Association
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
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