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Wednesday, 05 February 20
INDONESIA'S COAL PRICE REFERENCE UP 1.46% IN FEBRUARY
 COALspot.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.
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Wednesday, 04 March 20
MARKET INSIGHT - INTERMODAL
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THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
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CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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- South Luzon Thermal Energy Corporation
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- European Bulk Services B.V. - Netherlands
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- Ministry of Mines - Canada
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- Minerals Council of Australia
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- Ministry of Finance - Indonesia
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- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
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- Attock Cement Pakistan Limited
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- SMG Consultants - Indonesia
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- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
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- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
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- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
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- Thai Mozambique Logistica
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
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- Semirara Mining Corp, Philippines
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- Tata Chemicals Ltd - India
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- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
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- Australian Coal Association
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
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- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Economic Council, Georgia
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- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
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- PowerSource Philippines DevCo
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- Meralco Power Generation, Philippines
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- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
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- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- The University of Queensland
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