COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 A TON

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
Tuesday, 09 January 18
INDONESIAN GOVERNMENT DECLARED COAL REFERENCE PRICE UP IN JANUARY
Coal price upCOALspot.com: the Indonesian Coal Price Reference ( HBA) rose 1.60 per cent in January 2018, the latest ministerial decree showed.

The benchmark price of Indonesian thermal coal has Increased US$ 1.50 per ton month on month to $ 95.54 per ton for January 2018 delivery. The Minister of Energy and Mineral Resources Republic Indonesia had declared January HBA at US$ 95.54 per ton for 6322 GAR power plant coal by issuing a ministerial decree 11 K / 32 / MEM / 2018 dated 3 January 2018.

The Minister of Energy and Mineral Resources Republic Indonesia has increased the monthly Indonesian thermal coal price reference for January 2018 delivery meantime, the January 2018 HBA was 10.80 % higher the comparable period in 2017.

An increase or decrease in four international coal indices such as Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) 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 11 K / 32 / MEM / 2018 dated 3 January 2018 has not given any details about formation of HBA/HPB.

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.

The declared Indonesia thermal coal reference price (or called HBA) for February 2016 was the lowest in 109 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 January 2018 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the December 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 January 2018.

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$ 31.51 a ton or 24.80% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 44.62 a ton or 87.63% 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 January 2018), 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 used to declaring the price marker for eight brands of Indonesia's coal, which were 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 was Issued price for HBA and no HPB prices was published.

COALspot.com, has utilized its own calculator which was developed based on HBA/HPB formula and terms and condition declared by DGoMC to calculate HPB prices for eight major brands and for other types of coals. The government has stopped declaring formulas or methodologies that used to calculate either HBA or HPB.

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

Saturday, 23 January 21
GOVT PLANNING TO OPEN UP COAL MARKETING TO STREAMLINE PROCESS - THE INDIAN EXPRESS
The government is considering opening up coal marketing, Coal Secretary Anil Kumar Jain said on Thursday. Currently, production by Coal India is al ...


Thursday, 21 January 21
LNG MARKET RIDING HIGH, BUT WILL THE GAINS CONTINUE? - DREWRY
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due ...


Thursday, 21 January 21
CHINA'S SPOT THERMAL COAL PRICES REFRESH RECORD HIGH - MYSTEEL
Despite the moderate rebound in temperatures across most regions of China after late December’s deep-freeze, thermal coal prices in the count ...


Wednesday, 20 January 21
CORONAVIRUS OUTBREAK IN HEBEI HAS LIMITED IMPACT ON CHINA'S STEEL INDUSTRY - FITCH RATINGS
The recent Covid-19 outbreak in the steel producing hub Hebei will not have material impact on China’s steel industry, Fitch Ratings says. ...


Wednesday, 20 January 21
MARKET INSIGHT - INTERMODAL
While 2020 is finally behind us, its negative impacts are still hovering over the shipping market. That being said, it is still too early to even s ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6209
News by Category
Popular News
 
Total Members : 27,258
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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