COALspot.com keeps you connected across the coal world
  • JUNE 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.48 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
Wednesday, 06 February 19
FEBRUARY 2019 INDONESIA'S COAL REFERENCE PRICE FELL 8.83 PERCENT YOY
COALSpotCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian thermal coal in February 2019. The Coal Price Reference Falls for the six month in a row in February 2019 as demand for coal from China declines in the past few months compared to increase of Indonesian coal output.
 
According to the latest ministerial decree 18 K/30/MEM/2019 dated 1 February 2019, the government has reduced Indonesian Coal Price Reference (HBA) by 0.66 per cent month on month to US$ 91.80 per ton for 6322 GAR power plant coal for February 2019 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$ 21.80 lesser than the export price.
 
The declared Indonesian thermal coal price reference for February 2019 delivery is 8.83 per cent lower compared to February 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 since 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.
 
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. 18 K/30/MEM/2019 dated 1 February 2019 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 122 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 February 2019 HBA is 80.28 per cent higher compared to February 2016 declared price and 27.74 per cent lower than the February 2011 price.
 
Indonesian coal benchmark price for February 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the January 2019 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 –  28 February 2019 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$ 35.25 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 40.88 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 28 February 2019 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$ 91.80 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, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...


Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...


Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...


Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...


Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5496
News by Category
Popular News
 
Total Members : 26,270
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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