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

Wednesday, 11 September 19
THE INDONESIAN COAL PRICE REFERENCE FELL HEAVILY IN SEPTEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...


Wednesday, 11 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
We are going through one of the rare instances where we see optimism building in the dry bulk industry and, as the momentum is still going, the bel ...


Monday, 09 September 19
INDIAN COMPANIES READY TO INVEST IN DEVELOPMENT OF NEW COAL DEPOSITS IN RUSSIA'S YAKUTIA - TASS
Indian metallurgical companies, which received trial batches of coal from Kolmar mining company, are satisfied with the quality of the products and ...


Monday, 09 September 19
COLOMBIA COAL OUTPUT DOWN YEAR-ON-YEAR IN 2ND QUARTER - REUTERS
Colombia, the world’s fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same ...


Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize 0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...


   4 5 6 7 8   
Showing 26 to 30 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 ...

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