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
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, 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 ...

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