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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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Monday, 03 February 20
KOWEPO INVITING BIDS FOR 2.46 MILLION TONS OF MIN.5700 AND MIN.5600 NCV COAL
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for total 2,460,000 tons of (Sub) Bitum ...
Sunday, 02 February 20
NOVEL CORONAVIRUS OUTBREAK IN CHINA - STANDARD CLUB
Members will be aware of the recent novel coronavirus outbreak in China, which has now been declared a global emergency by the World Health Organis ...
Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing ...
Saturday, 01 February 20
50 MILLION PEOPLE QUARANTINED IN CHINA TO CONTAIN SPREAD OF CORONAVIRUS - HOW DOES IT AFFECT SHIPPING? - BIMCO
The outbreak of the novel coronavirus, declared a global health emergency by the WHO, has caused massive uncertainty across the global markets with ...
Saturday, 01 February 20
THERMAL COAL MARKETS: 5 TRENDS TO WATCH OUT FOR IN 2020 - MINING REVIEW
The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific.
&n ...
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- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Planning Commission, India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
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