COALspot.com keeps you connected across the coal world
  • CHINA THERMAL COAL MARKET FACES 2-3 MONTH CORONAVIRUS SHORT SQUEEZE: NOBLE - REUTERS
  • CHINA RESUMES OVER 70 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA.
  • THE DAILY COAL BURN RATE AT CHINA'S SIX MAJOR COASTAL POWER PLANTS HAS COME IN TODAY AT 421,000 TONS - COMMODORE RESEARCH
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 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
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot logoCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal coal again this month. 
 
According to the latest ministerial decree No. 1974 K/30/MEM/2018 dated 1 October 2018, the government has reduced Indonesian Coal Price Reference (HBA) by 3.74 per cent month on month to US$ 100.89 per ton for 6322 GAR power plant coal for October 2018 delivery for exports as well domestic end-users except for Indonesian power producers. For domestic power plants HBA has fixed at US$ 70 per ton or US$ 30.89 lesser than the export price.
 
However, the declared Indonesian thermal coal price reference for October 2018 delivery was 5.60% higher compared to January 2018 price.
 
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 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 coal indices. The ministerial decree No. 1974 K/30/MEM/2018 dated 1 October 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 118 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 October 2018, HBA is  98.13% higher than the February 2016 price and 20.59% lower than the February 2011 price.
 
Indonesian coal benchmark price for October 2018 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 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 October 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$ 26.16 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 49.97 a ton 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 as well as 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 October 2018 or until issuing a 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 used 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$ 100.89 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, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...


Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...


Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...


Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...


Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan  Coal  Companies  and  Adaro  Me ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5755
News by Category
Popular News
 
Total Members : 26,761
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
  • Bhatia International Limited - India
  • Anglo American - United Kingdom
  • Tata Power - India
  • TNPL - India
  • SRK Consulting
  • Rio Tinto Coal - Australia
  • Parry Sugars Refinery, India
  • GAC Shipping (India) Pvt Ltd
  • Cement Manufacturers Association - India
  • CIMB Investment Bank - Malaysia
  • London Commodity Brokers - England
  • Shree Cement - India
  • South Luzon Thermal Energy Corporation
  • Sindya Power Generating Company Private Ltd
  • Indika Energy - Indonesia
  • U S Energy Resources
  • Grasim Industreis Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Freeport Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Qatrana Cement - Jordan
  • Bulk Trading Sa - Switzerland
  • Edison Trading Spa - Italy
  • WorleyParsons
  • Formosa Plastics Group - Taiwan
  • Riau Bara Harum - Indonesia
  • Thai Mozambique Logistica
  • Parliament of New Zealand
  • Samtan Co., Ltd - South Korea
  • Banpu Public Company Limited - Thailand
  • Permata Bank - Indonesia
  • OCBC - Singapore
  • Uttam Galva Steels Limited - India
  • Pendopo Energi Batubara - Indonesia
  • GMR Energy Limited - India
  • SUEK AG - Indonesia
  • Jindal Steel & Power Ltd - India
  • Coeclerici Indonesia
  • Gresik Semen - Indonesia
  • DBS Bank - Singapore
  • India Bulls Power Limited - India
  • Siam City Cement - Thailand
  • The Treasury - Australian Government
  • Tamil Nadu electricity Board
  • Australian Coal Association
  • Mitsubishi Corporation
  • Panama Canal Authority
  • Lafarge - France
  • GHCL Limited - India
  • The State Trading Corporation of India Ltd
  • Cosco
  • Commonwealth Bank - Australia
  • Renaissance Capital - South Africa
  • Leighton Contractors Pty Ltd - Australia
  • Indonesia Power. PT
  • Star Paper Mills Limited - India
  • Australian Commodity Traders Exchange
  • KEPCO - South Korea
  • Asian Development Bank
  • New Zealand Coal & Carbon
  • Enel Italy
  • Aditya Birla Group - India
  • OPG Power Generation Pvt Ltd - India
  • Kideco Jaya Agung - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Noble Europe Ltd - UK
  • Coal India Limited
  • Trasteel International SA, Italy
  • Savvy Resources Ltd - HongKong
  • Reliance Power - India
  • Thailand Anthracite
  • Peabody Energy - USA
  • MEC Coal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • EMO - The Netherlands
  • Adaro Indonesia
  • Inco-Indonesia
  • Sakthi Sugars Limited - India
  • KPCL - India
  • LBH Netherlands Bv - Netherlands
  • Kohat Cement Company Ltd. - Pakistan
  • Salva Resources Pvt Ltd - India
  • Bank of America
  • Billiton Holdings Pty Ltd - Australia
  • Eastern Energy - Thailand
  • Metalloyd Limited - United Kingdom
  • VISA Power Limited - India
  • Videocon Industries ltd - India
  • ASAPP Information Group - India
  • Platts
  • Indonesian Coal Mining Association
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Africa Commodities Group - South Africa
  • Siam City Cement PLC, Thailand
  • Power Finance Corporation Ltd., India
  • European Bulk Services B.V. - Netherlands
  • Cemex - Philippines
  • Total Coal South Africa
  • Malabar Cements Ltd - India
  • UBS Singapore
  • Singapore Mercantile Exchange
  • Bukit Asam (Persero) Tbk - Indonesia
  • World Bank
  • Maheswari Brothers Coal Limited - India
  • JPMorgan - India
  • IHS Mccloskey Coal Group - USA
  • Gujarat Mineral Development Corp Ltd - India
  • PowerSource Philippines DevCo
  • Clarksons - UK
  • Thriveni
  • Manunggal Multi Energi - Indonesia
  • Central Electricity Authority - India
  • Posco Energy - South Korea
  • BRS Brokers - Singapore
  • Ministry of Mines - Canada
  • Cargill India Pvt Ltd
  • IOL Indonesia
  • Barasentosa Lestari - Indonesia
  • Orica Australia Pty. Ltd.
  • Maharashtra Electricity Regulatory Commission - India
  • HSBC - Hong Kong
  • BNP Paribas - Singapore
  • Price Waterhouse Coopers - Russia
  • SMG Consultants - Indonesia
  • Larsen & Toubro Limited - India
  • Attock Cement Pakistan Limited
  • PetroVietnam Power Coal Import and Supply Company
  • ICICI Bank Limited - India
  • RBS Sempra - UK
  • Tata Chemicals Ltd - India
  • GNFC Limited - India
  • PetroVietnam
  • Argus Media - Singapore
  • Madhucon Powers Ltd - India
  • Simpson Spence & Young - Indonesia
  • Mitra SK Pvt Ltd - India
  • IBC Asia (S) Pte Ltd
  • Indo Tambangraya Megah - Indonesia
  • Core Mineral Indonesia
  • TeaM Sual Corporation - Philippines
  • Binh Thuan Hamico - Vietnam
  • Surastha Cement
  • Eastern Coal Council - USA
  • Thiess Contractors Indonesia
  • McKinsey & Co - India
  • Coal and Oil Company - UAE
  • Standard Chartered Bank - UAE
  • PNOC Exploration Corporation - Philippines
  • Geoservices-GeoAssay Lab
  • Medco Energi Mining Internasional
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • Karaikal Port Pvt Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Aboitiz Power Corporation - Philippines
  • Shenhua Group - China
  • KPMG - USA
  • Borneo Indobara - Indonesia
  • Mechel - Russia
  • Carbofer General Trading SA - India
  • Platou - Singapore
  • Central Java Power - Indonesia
  • Barclays Capital - USA
  • Economic Council, Georgia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indogreen Group - Indonesia
  • globalCOAL - UK
  • Russian Coal LLC
  • Gujarat Electricity Regulatory Commission - India
  • Pinang Coal Indonesia
  • The India Cements Ltd
  • Coaltrans Conferences
  • Directorate General of MIneral and Coal - Indonesia
  • NTPC Limited - India
  • Wood Mackenzie - Singapore
  • Vizag Seaport Private Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Sical Logistics Limited - India
  • Bhoruka Overseas - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Asia Cement - Taiwan
  • Lanco Infratech Ltd - India
  • Maybank - Singapore
  • Ernst & Young Pvt. Ltd.
  • Interocean Group of Companies - India
  • Energy Link Ltd, New Zealand
  • Vitol - Bahrain
  • Britmindo - Indonesia
  • Mjunction Services Limited - India
  • Jaiprakash Power Ventures ltd
  • Samsung - South Korea
  • MS Steel International - UAE
  • Gujarat Sidhee Cement - India
  • PLN Batubara - Indonesia
  • Merrill Lynch Commodities Europe
  • Bank of China, Malaysia
  • Credit Suisse - India
  • Merrill Lynch Bank
  • Kalimantan Lumbung Energi - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Essar Steel Hazira Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Deloitte Consulting - India
  • Kaltim Prima Coal - Indonesia
  • Cardiff University - UK
  • KOWEPO - South Korea
  • IEA Clean Coal Centre - UK
  • Mercator Lines Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CESC Limited - India
  • Ind-Barath Power Infra Limited - India
  • Ministry of Transport, Egypt
  • Karbindo Abesyapradhi - Indoneisa
  • Alfred C Toepfer International GmbH - Germany
  • Kobe Steel Ltd - Japan
  • Wilmar Investment Holdings
  • Deutsche Bank - India
  • Goldman Sachs - Singapore
  • Kumho Petrochemical, South Korea
  • Bukit Makmur.PT - Indonesia
  • Planning Commission, India
  • GVK Power & Infra Limited - India
  • White Energy Company Limited
  • Inspectorate - India
  • Jatenergy - Australia
  • Holcim Trading Pte Ltd - Singapore
  • Malco - India
  • Makarim & Taira - Indonesia
  • Japan Coal Energy Center
  • PTC India Limited - India
  • Dalmia Cement Bharat India
  • Altura Mining Limited, Indonesia
  • Romanian Commodities Exchange
  • SGS (Thailand) Limited
  • Mercuria Energy - Indonesia
  • Maersk Broker
  • Arch Coal - USA
  • Marubeni Corporation - India
  • IMC Shipping - Singapore
  • Adani Power Ltd - India
  • ACC Limited - India
  • Berau Coal - Indonesia
  • Idemitsu - Japan
  • EIA - United States
  • CNBM International Corporation - China
  • Indian Oil Corporation Limited
  • Intertek Mineral Services - Indonesia
  • Georgia Ports Authority, United States
  • Minerals Council of Australia
  • Vedanta Resources Plc - India
  • Sojitz Corporation - Japan
  • Bahari Cakrawala Sebuku - Indonesia
  • Coal Orbis AG
  • Krishnapatnam Port Company Ltd. - India
  • Coalindo Energy - Indonesia
  • UOB Asia (HK) Ltd
  • Globalindo Alam Lestari - Indonesia
  • Ambuja Cements Ltd - India
  • Antam Resourcindo - Indonesia
  • Bangkok Bank PCL
  • Rashtriya Ispat Nigam Limited - India
  • APGENCO India
  • Arutmin Indonesia
  • Port Waratah Coal Services - Australia
  • J M Baxi & Co - India
  • Indian School of Mines
  • Mintek Dendrill Indonesia
  • Vale Mozambique
  • Kartika Selabumi Mining - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Mitsui
  • Glencore India Pvt. Ltd
  • Xstrata Coal
  • ETA - Dubai
  • Rudhra Energy - India
  • Jorong Barutama Greston.PT - Indonesia
  • SASOL - South Africa
  • Maruti Cements - India
  • Petrosea - Indonesia
  • Bangladesh Power Developement Board
  • Moodys - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bhushan Steel Limited - India
  • Bharathi Cement Corporation - India
  • Coastal Gujarat Power Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • CoalTek, United States
  • Timah Investasi Mineral - Indoneisa
  • Ince & co LLP
  • NALCO India
  • Infraline Energy - India
  • JPower - Japan
  • Indorama - Singapore
  • PLN - Indonesia
  • Tanito Harum - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Gupta Coal India Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Meenaskhi Energy Private Limited - India
  • ANZ Bank - Australia
  • Kobexindo Tractors - Indoneisa
  • Oldendorff Carriers - Singapore
  • Humpuss - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Sucofindo - Indonesia
  • Xindia Steels Limited - India
  • Orica Mining Services - Indonesia
  • Thomson Reuters GRC
  • Heidelberg Cement - Germany
  • The University of Queensland
  • Runge Indonesia
  • McConnell Dowell - Australia
  • Asmin Koalindo Tuhup - Indonesia
  • Independent Power Producers Association of India
  • Agrawal Coal Company - India
  • Electricity Generating Authority of Thailand
  • Cigading International Bulk Terminal - Indonesia
  • World Coal - UK
  • TANGEDCO India
  • Sree Jayajothi Cements Limited - India
  • CCIC - Indonesia
  • Global Coal Blending Company Limited - Australia
  • bp singapore
  • GB Group - China
  • Latin American Coal - Colombia
  • ING Bank NV - Singapore
  • Fearnleys - India