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Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
 COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ministerial decree showed.
The benchmark price of Indonesian thermal coal has decreased US$ 0.76 per ton month on month to $ 94.04 per ton for December 2017 delivery.
The Minister of Energy and Mineral Resources Republic Indonesia had declared December 2017 HBA at US$94.04 per ton for 6322 GAR power plant coal by issuing a ministerial decree 4120 K / 32 / MEM / 2017 dated 8 December 2017.
The Minister of Energy and Mineral Resources Republic Indonesia has decreased the monthly Indonesian thermal coal price reference for December delivery by 0.80% a ton compared to last month's declared HBA. In the meantime, the December 2017 HBA was 7.52 % lower the comparable period in 2016.
An increase or decrease in four international 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 international coal indices. The ministerial decree 4120 K / 32 / MEM / 2017 dated 8 December 2017 has not given any details about formation of HBA/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 108 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.
Indonesian coal benchmark price for December 2017 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the November 2017 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 December 2017.
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$ 33.01 a ton or 25.98% lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 43.12 a ton or 84.68% 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 and 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.
HBA of February 2011 was the highest since the launching of HBA by the government of Indonesia (US$127.05 / MT for 6322 GAR coal) and the lowest was declared in February 2016 (US$50.92 / MT).
The declared HBA in this month is valid for the spot price (loading on or before 31 December 2017), 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 the latest available month's HPB (this month) 30% one-month prior HPB and 20% of two-month prior HPB).
The government used to declaring 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, has utilized its own calculator which was 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.
Click here for full details of Indonesian coal price reference since January 2009. (cs)
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Saturday, 10 February 18
OIL PRICE USD 100/BARREL BY END OF 2018! - SAROJ MOHAPATRA
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COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
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ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
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Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
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Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed.
The benchma ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
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