COALspot.com keeps you connected across the coal world
  • MAY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.86 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

Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...


Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants   Surge in coal imports has now forced Coal India Ltd (CIL) ...


Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...


Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...


Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries   LNG Western Africa Conference 2019 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5472
News by Category
Popular News
 
Total Members : 26,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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