COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 65.79 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
Thursday, 07 March 19
INDONESIAN COAL PRICE REFERENCE PLUNGE TO LOWEST IN SEVEN MONTHS
COALspotCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal coal in March 2019. The Coal Price Reference Falls for the seven month in a row this month as demand for coal from China declines in the past few months compared to Indonesian coal output.
 
According to the latest ministerial decree 43 K/30/MEM/2019 dated 1 March 2019, the government has reduced Indonesian Coal Price Reference (HBA) by 1.34 per cent month on month to US$ 90.57 per ton for 6322 GAR power plant coal for March 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$ 20.57 lower than the export price.
 
The declared Indonesian thermal coal price reference for March 2019 delivery is 11.08 per cent lower compared to March 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. 43 K/30/MEM/2019 dated 1 March 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 123 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 March 2019 HBA is 77.87 per cent higher compared to February 2016 declared price and 28.71% per cent lower than the February 2011 price.
 
Indonesian coal benchmark price for March 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the February 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 –  31 March 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$ 36.48 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 39.65 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 31 March 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 is 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$ 90.57 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, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...


Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5539
News by Category
Popular News
 
Total Members : 26,488
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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