COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 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
Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
COALspotCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal coal for February 2020 loading. 
 
According to the latest ministerial decree, the Coal Price Reference (HBA) up by 1.46% month on month to US$ 66.89 per ton for 6322 GAR power plant coal for February 2020 delivery for exports as well as for domestic end-users including for Indonesian power plant operators.

The declared Indonesian thermal coal price reference for February 2020 delivery is 27.14% lower compared to February 2019 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. However the HBA drops below $70 per ton, the domestic thermal coal price for power stations will revert to HBA.

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 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 134 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 February 2020 HBA is 31.36% higher compared to February 2016 declared price and 47.35% lower than the February 2011 price.
 
Indonesian coal benchmark price for February 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the January 2020 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 –  29 February 2020 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$ 60.16 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 15.97 a ton higher compared to Feb’ 16 benchmark price, which was the lowest price ever declared by MEMR.
 
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 29 February 2020 or until issuing an 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$ 65.93 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

Wednesday, 13 January 21
CHINA THERMAL GENCO PROFITS FACE PRESSURE AMID POWER SHORTAGES - FITHCH WIRE
High coal and gas prices will put near-term pressure on margins for thermal power generators in China, says Fitch Ratings. However, the power short ...


Wednesday, 13 January 21
COAL TO BE BIGGEST CONTRIBUTOR TO INDIA'S $5 TRILLION ECONOMY: AMIT SHAH - BUSINESS STANDARD
The Centre on Monday awarded the letter of allocation to successful bidders of coal mines under the commercial auction held during October-November ...


Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
Coal demand is expected to rebound in 2021   Medium-term outlook is less favourable although demand declines are expected to be subtle ...


Sunday, 10 January 21
KOREAN GENCOS INVITED BIDS FOR TOTAL 880,000 TONS OF COAL FOR MARCH 2021 LOADING
COALspot.com: Korea South-East Power Co., Ltd. (KOEN),  on behalf of EWP, KOSPO, KOSEP and KOWEPO issued an international tender for total 880 ...


Friday, 08 January 21
INDIA COULD COMPETE AGAINST CHINA IN SOLAR MODULE PRODUCTION WITH THE RIGHT GOVERNMENT SUPPORT - IEEFA
The focus should be on helping manufacturers become globally competitive Although one of the top 10 solar module producers in the world, India ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6204
News by Category
Popular News
 
Total Members : 27,251
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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