COALspot.com keeps you connected across the coal world
  • OCT 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 64.80 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
Thursday, 05 July 18
INDONESIAN COAL PRICE REFERENCE HITS 74 MONTHS HIGH OF $104.65 A TON
COALspotCOALspot.com: HBA keeps rising. According to latest ministerial decree No.1892 K/30/MEM/2018 dated 2 July 2018, the Indonesian Coal Price Reference (HBA) up 8.32 per cent in July 2018 compared to June HBA.
 
The benchmark price of Indonesian thermal coal has increased US$ 8.04 per ton month on month to $ 104.65 per ton for July 2018 delivery for exports as well domestic end-users except Indonesian power producers. The Minister of Energy and Mineral Resources Republic Indonesia had declared July HBA at US$ 104.65 per ton for 6322 GAR power plant coal by issuing a ministerial decree 1892 K/30/MEM/2018 dated 2 July 2018.
 
HBA jan 09 to July18
 
The Ministry of Energy and Mineral Resources Republic Indonesia has increased the monthly Indonesian thermal coal price reference for July 2018 delivery meantime, the July 2018 HBA was 32.55% higher the comparable period in 2017.
 
Indonesia has capped the price of thermal coal for domestic power stations at $70 per ton (basis 6322 GAR Coal) if HBA is equal to or higher than US$ 70 per ton until December 2019 form 12 March 2018, in new rule was issued on 9 March 2018 (MEMR Ministerial decree 1395K/30/MEM/2018) and 1410 K/30/MEM/2018 dated 12 March 2018. However the HBA drops below $70 per ton, the domestic thermal coal price for power stations will revert to HBA. This special price for power plants is applicable for maximum100 million tons of coal per year.
 
US$ 70 price is based on coal as the same specification as in the Indonesian Coal Benchmark Price (HBA). Domestic Power producers used to buy 4200 to 5000 GAR coal where’s US$ 70 per ton was based on 6322 GAR coal.
 
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 No. 1892 K/30/MEM/2018 dated 2 July 2018 has not given any details about formation of 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 115 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. The July 2018, HBA is 105.52% higher than the February 2016 price and 17.63% lower than the February 2011 price.
 
Indonesian coal benchmark price for July 2018 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the June 2018 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 July 2018 or until publish an new HBA.
 
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$ 22.40 a ton or 17.63% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$53.73 a ton or 105.52% 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.
 
The declared HBA in this month is valid for the spot price (loading on or before 31 July 2018 or until issuing an new HBA), 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 latest month's HPB (this month) 30% one-month prior HPB and 20% of two-month prior HPB).
 
The government used to declare 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. COALspot.com now publishing HPB and other coal prices based on US$ 104.65 as well as US$ 70.00 for the basis 6322 GAR coal.
 
Click here for 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

Thursday, 10 October 19
THERMAL COAL IMPORT LIKELY TO CROSS 200 MT IN 2019-20 - TIME OF INDIA
The country's overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to Icra. ...


Wednesday, 09 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we have already stated in previous insights, we had expected that the recovery on rates and activity across all segments in the offshore market ...


Thursday, 03 October 19
OIL PRICE ASSUMPTIONS UNCHANGED, NBP GAS PRICE LOWERED - FITCH RATINGS PRIMARY - FITCH RATINGS
Our oil price assumptions are unchanged, despite the recent price volatility following the attacks on Saudi Arabia's oil infrastructure, Fitch ...


Thursday, 03 October 19
SHIPPING MARKET INSIGHT
Edible oil products across the board are showing healthy amount of export activity, however, rates in most cases are struggling to move accordingly ...


Friday, 27 September 19
LOWDOWN ON INCOTERMS 2020 OVERHAUL - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE This ninth revision of Incoterms is changed in style and substance. The revisions improve certain aspects of Incoterms 20 ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5554
News by Category
Popular News
 
Total Members : 26,537
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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