COALspot.com keeps you connected across the coal world
  • JUNE 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 52.98 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
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 June 20
MARKET INSIGHT - INTERMODAL
The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive cons ...


Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development. The delay of new natural gas ...


Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed. & ...


Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
Capesize The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sect ...


Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5994
News by Category
Popular News
 
Total Members : 26,978
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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