COALspot.com keeps you connected across the coal world
  • MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
  • FEB 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.89 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
Friday, 11 October 19
THE OCTOBER BENCHMARK PRICE OF INDONESIAN THERMAL COAL DECLINES TO LOWEST SINCE OCTOBER 2016
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 October 2019 loading. Benchmark price Declines to lowest since October 2016.
 
According to the latest ministerial decree, the Coal Price Reference (HBA) down by 1.50% month on month to US$ 64.80 per ton for 6322 GAR power plant coal for October 2019 delivery for exports as well domestic end-users including for Indonesian power producers. 
 
The declared Indonesian thermal coal price reference for October 2019 delivery is 35.77% lower compared to October 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 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 130 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 October 2019 HBA is  27.26% higher compared to February 2016 declared price and 49.00% lower than the February 2011 price.
 
Indonesian coal benchmark price for October 2019 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 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 October 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$ 62.25 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 13.88 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 31 October 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$ 64.80  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, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...


Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan  Coal  Companies  and  Adaro  Me ...


Tuesday, 18 February 20
ADARO REMAINS POSITIVE ON THE LONG-TERM FUNDAMENTALS OF COAL MARKET SUPPORTED BY THE SOUTHEAST ASIA AND SOUTH ASIA REGION
The global seaborne thermal coal market in 2019 was faced with macro and industry challenges  which  pushed  international  coa ...


Tuesday, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...


Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5752
News by Category
Popular News
 
Total Members : 26,760
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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