COALspot.com keeps you connected across the coal world
  • NOV 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.27 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, 13 May 19
INDONESIAN COAL PRICE REFERENCE CONTINUES TO FALL
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 for May 2019 loading. The Coal Price Reference Falls for the nine months in a row.
 
According to the latest ministerial decree 76  K/30/MEM/2019 dated 6 May 2019, the Coal Price Reference (HBA) fell by 7.87 per cent month on month to US$ 81.86 per ton for 6322 GAR power plant coal for may 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$ 11.86 lower than the export price.
 
The declared Indonesian thermal coal price reference for May 2019 delivery is 8.57 per cent lower compared to May 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. 76 K/30/MEM/2019 dated 1 May 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 125 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 May 2019 HBA is 60.76 per cent higher compared to February 2016 declared price and 35.57% per cent lower than the February 2011 price.
 
Indonesian coal benchmark price for May 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the April 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 May 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$ 45.19 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 30.94 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 May 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. (A 50 per cent of latest month's HPB (the current month), a 30% one-month prior HPB and a 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$ 81.86 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 endeavour 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

Monday, 21 October 19
SHIPPERS CHANGE COURSE AS FUEL RULES TARGET SULPHUR EMISSIONS - WOOD MACKENZIE
The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engin ...


Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...


Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...


Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...


Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5580
News by Category
Popular News
 
Total Members : 26,607
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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