COALspot.com keeps you connected across the coal world
  • NOV 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.27 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
Monday, 12 November 18
INDONESIA'S HBA ENDS DECLINE IN NOVEMBER
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 1994 K/30/MEM/2018 dated 2 November 2018, the government has reduced Indonesian Coal Price Reference (HBA) by 2.96 per cent month on month to US$ 97.90 per ton for 6322 GAR power plant coal for November 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$ 27.90 lesser than the export price.
 
However, the declared Indonesian thermal coal price reference for November 2018 delivery was 2.47% 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. 1994 K/30/MEM/2018 dated 2 November 2018 has not given any details about formation of HPB.
 
The coal price reference in Indonesia was established to fulfil 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 119 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 November 2018, HBA is 92.26% higher than the February 2016 price and 22.94% lower than the February 2011 price.
 
Indonesian coal benchmark price for November 2018 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the October 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 –  30 November 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$ 29.15 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 46.98 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 30 November 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, 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$ 97.90 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

Friday, 15 November 19
RISING ENERGY DEMAND IN SOUTHEAST ASIA TO BE MET AND SUPPORTED BY COAL - WORLD COAL
Last week the International Energy Agency (IEA) released its semi-annual Southeast Asia Energy Outlook report which outlines the latest insights in ...


Thursday, 14 November 19
EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES
EIA expects total U.S. coal production in 2019 to total 698 million short tons (MMst), an 8% decrease from the 2018 level of 756 MMst. The decline ...


Wednesday, 13 November 19
INDONESIAN NOVEMBER COAL PRICE REFERENCE LOGS FIRST GAIN SINCE AUGUST
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...


Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5587
News by Category
Popular News
 
Total Members : 26,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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