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
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

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 ...

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