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
Tuesday, 11 June 19
INDONESIAN COAL PRICE REFERENCE SET AT $81.48 PER TON IN JUNE, DOWN 15.66 PERCENT YEAR-ON-YEAR
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 for June 2019 loading. The Coal Price Reference Falls for the ten months in a row.
 
According to the latest ministerial decree 92  K/30/MEM/2019 dated 31 May 2019, the Coal Price Reference (HBA) fell by 0.46 per cent month on month to US$ 81.48 per ton for 6322 GAR power plant coal for June 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$ 11.48 lower than the export price.
 
The declared Indonesian thermal coal price reference for June 2019 delivery is 15.66 per cent lower compared to June 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 maximum 100 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. 92 K/30/MEM/2019 dated 31 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 126 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 June 2019 HBA is 60.02 per cent higher compared to February 2016 declared price and 35.87 per cent lower than the February 2011 price.
 
Indonesian coal benchmark price for June 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the May 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 –  30 June 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$ 45.57 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 30.56 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 30 June 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$ 81.48 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

Friday, 30 October 15
COAL PRODUCTION IN THE UNITED STATES INCREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...


Thursday, 29 October 15
IRAN'S RETURN TO OIL MARKETS WILL HAVE TEMPERED IMPACT FOR THE TANKER SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While many analysts appear to be fearful of a potential incremental rise in tanker ships’ supply, as a result of the imminent return of Iran ...


Thursday, 29 October 15
Q2' 16 FOB INDONESIA COAL SWAP CLOSED US$ 37.40 PER TON; DECLINED 5.56 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week. The Q4 swap declined $ 2.13 (-5.34%) per t ...


Wednesday, 28 October 15
Q2'16 FOB RICHARDS BAY COAL SWAP SEES FURTHER DECLINES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and declined month over month. The Q4 swap was d ...


Wednesday, 28 October 15
BDI INCREASE TOOK PLACE SOLELY ON THE BACK OF CAPESIZE PERFORMANCE, BUT........ - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a small improvement  which nonetheless failed to lift sentiment, not only because ...


   281 282 283 284 285   
Showing 1411 to 1415 news of total 5538
News by Category
Popular News
 
Total Members : 26,487
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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