COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN SEPTEMBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 104.81 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 08 May 17
INDONESIAN COAL PRICE REFERENCE RISES FOR SECOND STRAIGHT MONTH IN MAY
Coalspot logoCOALspot.com: Indonesian government declared coal benchmark price rose in May, government data showed.

The benchmark price of Indonesian thermal coal increased 1.58% month on month to $ 83.81 per ton for May 2017 delivery.

The Director General of Mineral and Coal of Indonesia, the coal regulator of Indonesia who has an authority to declare the monthly benchmark price for Indonesian thermal coal, had declared May 2017 HBA at US$ 83.81 per ton for 6322 GAR power plant coal. DGoMC has increased the monthly Indonesian thermal coal price reference for May delivery by 1.58% a ton.

In the meantime, the May 2017 HBA was 63.69% higher the comparable period in 2016.

The Indonesian coal price reference of May 2017 increased US$ 1.30 a ton compared to April 2017. An increase or decrease in four international coal indices such as ICI-1, Platts-5900, NEX and GC will cause an increase or decrease in Indonesian coal price reference every month, as HBA is linked to those international coal indices.

The coal price reference in Indonesia was established to fulfill the requirement of mining law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.

According to the data from Director General shows that the government has fixed US$ 20.71 a ton (up 63.71% Y/Y and 1.57% month on month) for the coal with calorific value 2,995 kcal/kg on GAR with total moisture 50.10% on as received basis for May 2017 FOB vessel delivery. In the meantime, the government is also declared US$ 59.39 per ton as HPB for 5000 GAR coal with total moisture 22.40%, Ash 8.90% and Sulphur 0.54% for May 2017 deliveries.

The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 101 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. Interestingly, the highest monthly average price occurred in February 2011, while the lowest coal price also occurred in February 2016.

Indonesian coal benchmark price for May 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the April 2017 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and  delivery free on Board (FOB) Vessel basis and apply to spot contract, delivery between 1 – 31 May 2017.

The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month’s declared price is around US$ 43.24 a ton or 34.03 per cent lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 32.89 a ton or 64.59 per cent higher compared to Feb’ 16 benchmark price, which was the lowest price ever declared by DGoMC.

The government of Indonesia was publishing a monthly coal price reference (HBA & HPB) since February 2009 to be used by coal producers for all spot and term contracts.

However, the official implementation of HBA was commenced since September 2011 and according to government regulation, the coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price for a particular period.

HBA of February 2011 was the highest since the launching of HBA by the government of Indonesia (US$ 127.05 / MT for 6322 GAR coal) and the lowest was declared in February 2016 (US$ 50.92 / MT).

The declared HBA in this month is valid for the spot price (loading on or before 31 May 2017), while as for term price (up to 12 months supply), the average reference price (HPB) of the previous three months will be used to determine the selling price. (50% of the latest available month's HPB (this month) 30% one-month prior HPB and 20% of two-month prior HPB).

The government is also declaring the price marker for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands act as the benchmark and used to calculate other 67 coal types with a quality similar to the coal price markers.

Indonesian coal prices have started to move towards South since mid of November after rallying for around 6 months in 2016. China’s production cuts relaxation caused lesser imports into China, which pushed down the global coal price from its recent rally. However, the government has declared higher HBA for last two months due to increase in International indexes.

The last two weeks the Indonesian coal indexes including CS (i) Coal Index that generated by COALspot.com shows a downward trend. The market players are forecasting that the coal prices will likely stay flat or soft in this quarter.

Click here
for full details of Indonesian coal price reference since January 2009.(cs)

COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. The information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.

COALspot.com will endeavor to update information where appropriate but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 18 September 18
COOLING OUTLOOK FOR COAL - KATE JONES
At a time of increasing focus on the renewables market as the world seeks to clean up its act to prevent climate change, what is the outlook like f ...


Monday, 17 September 18
GLENCORE RETURNS TO JAPAN COAL TALKS SCUPPERED BY HIGH PRICES - BLOOMBERG
Mining giant Glencore Plc and Japanese utilities have resumed thermal coal supply negotiations, restarting talks that fell apart earlier this year ...


Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...


Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...


Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5255
News by Category
Popular News
 
Total Members : 25,409
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ambuja Cements Ltd - India
  • Standard Chartered Bank - UAE
  • TANGEDCO India
  • Wood Mackenzie - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Interocean Group of Companies - India
  • Star Paper Mills Limited - India
  • Minerals Council of Australia
  • Kobexindo Tractors - Indoneisa
  • Coeclerici Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Larsen & Toubro Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • CIMB Investment Bank - Malaysia
  • Mitra SK Pvt Ltd - India
  • Trasteel International SA, Italy
  • Vitol - Bahrain
  • RBS Sempra - UK
  • Xindia Steels Limited - India
  • Platts
  • Electricity Generating Authority of Thailand
  • Vedanta Resources Plc - India
  • UBS Singapore
  • Georgia Ports Authority, United States
  • Cardiff University - UK
  • Indian School of Mines
  • Kohat Cement Company Ltd. - Pakistan
  • Pendopo Energi Batubara - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Bangladesh Power Developement Board
  • J M Baxi & Co - India
  • Romanian Commodities Exchange
  • Bharathi Cement Corporation - India
  • Gujarat Sidhee Cement - India
  • Inco-Indonesia
  • Coal and Oil Company - UAE
  • NTPC Limited - India
  • Coastal Gujarat Power Limited - India
  • Eastern Energy - Thailand
  • Straits Asia Resources Limited - Singapore
  • Ministry of Mines - Canada
  • Directorate Of Revenue Intelligence - India
  • Thiess Contractors Indonesia
  • Dalmia Cement Bharat India
  • HSBC - Hong Kong
  • Parliament of New Zealand
  • IBC Asia (S) Pte Ltd
  • Adaro Indonesia
  • BNP Paribas - Singapore
  • VISA Power Limited - India
  • CCIC - Indonesia
  • Fearnleys - India
  • Bhoruka Overseas - Indonesia
  • Posco Energy - South Korea
  • Vale Mozambique
  • Simpson Spence & Young - Indonesia
  • Maruti Cements - India
  • Antam Resourcindo - Indonesia
  • Chamber of Mines of South Africa
  • Bahari Cakrawala Sebuku - Indonesia
  • PowerSource Philippines DevCo
  • ASAPP Information Group - India
  • Samtan Co., Ltd - South Korea
  • Oldendorff Carriers - Singapore
  • ICICI Bank Limited - India
  • SRK Consulting
  • Economic Council, Georgia
  • Peabody Energy - USA
  • Maersk Broker
  • Noble Europe Ltd - UK
  • Goldman Sachs - Singapore
  • TNPL - India
  • Australian Commodity Traders Exchange
  • Siam City Cement PLC, Thailand
  • ANZ Bank - Australia
  • IHS Mccloskey Coal Group - USA
  • SUEK AG - Indonesia
  • Ministry of Finance - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Indogreen Group - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Grasim Industreis Ltd - India
  • Arutmin Indonesia
  • Agrawal Coal Company - India
  • Banpu Public Company Limited - Thailand
  • Sindya Power Generating Company Private Ltd
  • Lanco Infratech Ltd - India
  • Indorama - Singapore
  • Videocon Industries ltd - India
  • JPMorgan - India
  • Pinang Coal Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Renaissance Capital - South Africa
  • Russian Coal LLC
  • Deutsche Bank - India
  • Gresik Semen - Indonesia
  • SGS (Thailand) Limited
  • Mercator Lines Limited - India
  • Indian Oil Corporation Limited
  • GMR Energy Limited - India
  • Coal Orbis AG
  • Indo Tambangraya Megah - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Adani Power Ltd - India
  • ETA - Dubai
  • CESC Limited - India
  • Jindal Steel & Power Ltd - India
  • Bhushan Steel Limited - India
  • KOWEPO - South Korea
  • World Coal - UK
  • Coaltrans Conferences
  • GB Group - China
  • Latin American Coal - Colombia
  • Indika Energy - Indonesia
  • Cemex - Philippines
  • Cargill India Pvt Ltd
  • Sojitz Corporation - Japan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Metalloyd Limited - United Kingdom
  • Uttam Galva Steels Limited - India
  • Manunggal Multi Energi - Indonesia
  • Mercuria Energy - Indonesia
  • Panama Canal Authority
  • Rio Tinto Coal - Australia
  • Kapuas Tunggal Persada - Indonesia
  • Enel Italy
  • Core Mineral Indonesia
  • MS Steel International - UAE
  • Port Waratah Coal Services - Australia
  • KPCL - India
  • Salva Resources Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Intertek Mineral Services - Indonesia
  • Freeport Indonesia
  • Mjunction Services Limited - India
  • Planning Commission, India
  • Thomson Reuters GRC
  • Clarksons - UK
  • Gujarat Electricity Regulatory Commission - India
  • U S Energy Resources
  • MEC Coal - Indonesia
  • Runge Indonesia
  • IEA Clean Coal Centre - UK
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • Power Finance Corporation Ltd., India
  • EMO - The Netherlands
  • International Coal Ventures Pvt Ltd - India
  • Thailand Anthracite
  • Altura Mining Limited, Indonesia
  • Malabar Cements Ltd - India
  • Carbofer General Trading SA - India
  • TeaM Sual Corporation - Philippines
  • Tata Power - India
  • PLN Batubara - Indonesia
  • Coalindo Energy - Indonesia
  • Thai Mozambique Logistica
  • LBH Netherlands Bv - Netherlands
  • Ind-Barath Power Infra Limited - India
  • BRS Brokers - Singapore
  • Sree Jayajothi Cements Limited - India
  • Maybank - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Bhatia International Limited - India
  • Marubeni Corporation - India
  • World Bank
  • Thriveni
  • Jatenergy - Australia
  • Surastha Cement
  • Anglo American - United Kingdom
  • Krishnapatnam Port Company Ltd. - India
  • JPower - Japan
  • Humpuss - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • PLN - Indonesia
  • Sucofindo - Indonesia
  • Japan Coal Energy Center
  • Maharashtra Electricity Regulatory Commission - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Mitsui - Indonesia
  • Malco - India
  • Ceylon Electricity Board - Sri Lanka
  • Asia Cement - Taiwan
  • Shree Cement - India
  • PetroVietnam
  • PTC India Limited - India
  • GHCL Limited - India
  • Idemitsu - Japan
  • Gujarat Mineral Development Corp Ltd - India
  • SMG Consultants - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • The University of Queensland
  • Sakthi Sugars Limited - India
  • Reliance Power - India
  • Meenaskhi Energy Private Limited - India
  • Bangkok Bank PCL
  • Eastern Coal Council - USA
  • Ince & co LLP
  • DBS Bank - Singapore
  • IMC Shipping - Singapore
  • Indonesia Power. PT
  • Ernst & Young Pvt. Ltd.
  • UOB Asia (HK) Ltd
  • GNFC Limited - India
  • Deloitte Consulting - India
  • Permata Bank - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Tanito Harum - Indonesia
  • Parry Sugars Refinery, India
  • Riau Bara Harum - Indonesia
  • Independent Power Producers Association of India
  • Shenhua Group - China
  • Asian Development Bank
  • Attock Cement Pakistan Limited
  • IOL Indonesia
  • Central Java Power - Indonesia
  • New Zealand Coal & Carbon
  • Barclays Capital - USA
  • Samsung - South Korea
  • Berau Coal - Indonesia
  • Orica Mining Services - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Formosa Plastics Group - Taiwan
  • European Bulk Services B.V. - Netherlands
  • Kartika Selabumi Mining - Indonesia
  • Barasentosa Lestari - Indonesia
  • Singapore Mercantile Exchange
  • India Bulls Power Limited - India
  • Medco Energi Mining Internasional
  • Indonesian Coal Mining Association
  • Essar Steel Hazira Ltd - India
  • Maheswari Brothers Coal Limited - India
  • Thermax Limited - India
  • Global Coal Blending Company Limited - Australia
  • ING Bank NV - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Inspectorate - India
  • McKinsey & Co - India
  • Price Waterhouse Coopers - Russia
  • Africa Commodities Group - South Africa
  • Bayan Resources Tbk. - Indonesia
  • South Luzon Thermal Energy Corporation
  • Lafarge - France
  • NALCO India
  • The India Cements Ltd
  • Sical Logistics Limited - India
  • WorleyParsons
  • Mintek Dendrill Indonesia
  • Qatrana Cement - Jordan
  • Petrosea - Indonesia
  • Kumho Petrochemical, South Korea
  • McConnell Dowell - Australia
  • Borneo Indobara - Indonesia
  • Bank of China, Malaysia
  • London Commodity Brokers - England
  • Energy Link Ltd, New Zealand
  • Edison Trading Spa - Italy
  • Argus Media - Singapore
  • Heidelberg Cement - Germany
  • Orica Australia Pty. Ltd.
  • Mechel - Russia
  • Infraline Energy - India
  • Mitsubishi Corporation
  • globalCOAL - UK
  • Bukit Baiduri Energy - Indonesia
  • KEPCO - South Korea
  • Gupta Coal India Ltd
  • Bank of America
  • Arch Coal - USA
  • Platou - Singapore
  • Aditya Birla Group - India
  • GVK Power & Infra Limited - India
  • APGENCO India
  • Total Coal South Africa
  • CNBM International Corporation - China
  • Savvy Resources Ltd - HongKong
  • Alfred C Toepfer International GmbH - Germany
  • Jaiprakash Power Ventures ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • White Energy Company Limited
  • Neyveli Lignite Corporation Ltd, - India
  • Cosco
  • Ministry of Transport, Egypt
  • Merrill Lynch Bank
  • Siam City Cement - Thailand
  • EIA - United States
  • GAC Shipping (India) Pvt Ltd
  • Rudhra Energy - India
  • Moodys - Singapore
  • Commonwealth Bank - Australia
  • The State Trading Corporation of India Ltd
  • OCBC - Singapore
  • ACC Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Madhucon Powers Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Makarim & Taira - Indonesia
  • Britmindo - Indonesia
  • Australian Coal Association
  • Toyota Tsusho Corporation, Japan
  • The Treasury - Australian Government
  • KPMG - USA
  • Merrill Lynch Commodities Europe
  • Glencore India Pvt. Ltd
  • Wilmar Investment Holdings
  • Tata Chemicals Ltd - India
  • Binh Thuan Hamico - Vietnam
  • bp singapore
  • Globalindo Alam Lestari - Indonesia
  • Geoservices-GeoAssay Lab
  • Vizag Seaport Private Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Xstrata Coal
  • Coal India Limited
  • CoalTek, United States
  • Timah Investasi Mineral - Indoneisa
  • Directorate General of MIneral and Coal - Indonesia
  • Central Electricity Authority - India
  • Kobe Steel Ltd - Japan
  • SASOL - South Africa
  • Kideco Jaya Agung - Indonesia
  • Bulk Trading Sa - Switzerland
  • Cement Manufacturers Association - India
  • Credit Suisse - India