COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 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, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
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 July 2019 loading. The July Coal Price Reference posts biggest monthly loss since January 2017.
 
According to the latest ministerial decree 117  K/30/MEM/2019 dated 3 July 2019, the Coal Price Reference (HBA) fell by 11.73 per cent month on month to US$ 71.92 per ton for 6322 GAR power plant coal for July 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$ 1.92 lower than the export price.
 
The declared Indonesian thermal coal price reference for July 2019 delivery is 31.28 per cent lower compared to July 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. 117 K/30/MEM/2019 dated 3 July has not given any details about formation of HPB.
 
The coal price reference in Indonesia was established to fulfil 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 127 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 July 2019 HBA is 41.24 per cent higher compared to February 2016 declared price and 43.39 per cent lower than the February 2011 price.
 
Indonesian coal benchmark price for July 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the June 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 July 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$ 55.13 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 21.00 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 July 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$ 71.92 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

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. ...


Tuesday, 06 August 19
SHIPPING MARKET INSIGHT - INTERMODAL
On the 12th of May four tankers were attacked near the coast of Fujairah.  The tankers hit were waiving international flags such as that of No ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5523
News by Category
Popular News
 
Total Members : 26,432
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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