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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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Thursday, 06 February 20
CHINESE DEMAND KEY UNCERTAINTY FOR SEABORNE COAL MARKET IN 2020 - THE BRICS POST
Coal trader Noble Resources head of research Rodrigo Echeverri Cardozo had penciled in a 3 Mt drop in Chinese import demand for 2020, but it could ...
Wednesday, 05 February 20
CORONAVIRUS AND THE SHIPPING INDUSTRY - WATSON, FARLEY & WILLIAMS
The continued spread of Coronavirus and governmental measures to minimise the impact is likely to affect the shipping industry and supply chain.
...
Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s ...
Wednesday, 05 February 20
RUSSIA EXPORTED 28.6 MLN TONNES OF LNG IN 2019 - REFINITIV
A lot of attention has been paid recently on the surge in LNG exports from the United States. However, another country which is seeing truly expone ...
Tuesday, 04 February 20
CAPE: THE AVERAGE EARNINGS PER DAY FELL BENEATH THE USD 4,000, A LEVEL CONSIDERABLY BELOW EVEN THE MOST CONSERVATIVE OPEX LEVELS - ALLIED
The recent slump in the dry bulk freight market may well have been expected to some degree, but despite this the shock was still overwhelming when ...
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- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
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- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
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- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
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- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
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