COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN OCTOBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 100.89 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, 09 October 17
INDONESIAN COAL PRICE REFERENCE HITS NEW HIGH FOR 2017
Coal Price upCOALspot.com: Indonesian coal benchmark price surges 2.13% in October month over month, the latest ministerial decree showed.

The benchmark price of Indonesian thermal coal has increased US$1.96 per ton month on month to $93.99 per ton for October 2017 delivery.

The Minister of Energy and Mineral Resources Republic Indonesia had declared October 2017 HBA at US$93.99 per ton for 6322 GAR power plant coal by issuing a ministerial decree 3613 K / 32 / MEM / 2017 dated 4 October 2017.

The ministry has increased the monthly Indonesian thermal coal price reference for October delivery by 2.13% a ton compared to last month's declared HBA. In the meantime, the October 2017 HBA is 36.08% higher the comparable period in 2016.

The Indonesian coal price reference of October 2017 increased US$1.96 a ton compared to September 2017.

According to details of HBA mentioned in previous months, 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 ministerial decree 3613 K / 32 / MEM / 2017 dated 4 October 2017 have not given any details about formation of HBA.

The coal price reference in Indonesia was established to fulfil 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.

The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 106 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 October 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 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 October 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$ 33.06 a ton or 26.02% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 43.07 a ton or 84.58% 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 October 2017), while (as per previous HBA note) 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 69 coal types with a quality similar to the coal price markers. However this time, the government has only declared HBA and not price for eight brands or HPB or any details about types of coal, formula or calcualtion for term contract.

COALspot.com, has utilized its calculator which has developed based on HBA formula and terms and condition calculate price for eight major brands and HPB for other types of coal. As usual we have updated our data base as per our own calculation.

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 endeavour 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

Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.    ...


Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.   The ...


Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...


Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...


Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC.  43 of those vessels had to do ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5283
News by Category
Popular News
 
Total Members : 25,503
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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