COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN FEBRUARY 2019 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 91.80 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

Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...


Wednesday, 13 February 19
MALAYSIA WAS THE REGION'S LARGEST COAL IMPORTER WITH 34 MT IN 2018, UP 25% Y-O-Y
Although coal market in 2018 started with strong prices, starting in the beginning of the second half of 2018, the international spot prices for co ...


Wednesday, 13 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
If there is one word that can describe the current shipping environment then that this word is most probably “volatility.” The sentimen ...


Saturday, 09 February 19
SUPRAMAX: A 63,000-TONNER WAS REPORTED FIXED DELIVERY FOR AN EAST KALIMANTAN TRIP, REDELIVERY WEST COAST INDIA, AT $9,250 - THE BALTIC BRIEFING
Cape The Vale disaster weighed heavily on the market for big ships, with uncertainty about shipments/future exports leading to a sharp drop in ...


Friday, 08 February 19
LOWER-QUALITY INDONESIA EXPORTS ROSE 39 MT IN 2018 YOY PRIMARILY IN RESPONSE TO INCREASED DEMAND FROM CHINA AND INDIA - PEABODY
"Underlying seaborne met and thermal coal conditions remain quite positive and the pace of U.S. coal-fueled power plant retirements is expecte ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5400
News by Category
Popular News
 
Total Members : 25,860
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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