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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, 30 January 20
CAPE: WITH CHINESE NEW YEAR TAKING PLACE, THE RATES ARE REACHING FURTHER DISAPPOINTING LEVELS - FEARNLEYS
Cape
With Chinese New Year taking place, the rates are reaching further disappointing levels. Present TC average is below USD 4,500, off 24% fr ...
Wednesday, 29 January 20
INDONESIA REMAINS AT THE TOP SPOT IN 2019 AS THE LARGEST SUPPLIER OF COAL TO INDIA WITH 91.3 MLN TONNES - BANCHERO COSTA
Despite repeated promises from India’s government to reduce the country’s coal imports and increase domestic self-reliance, volumes jus ...
Wednesday, 29 January 20
MARKET INSIGHT - INTERMODAL
Last week Libya’s oil production operations were disrupted as it was reported that local Libyan tribes interrupted output at the the El Feel ...
Tuesday, 28 January 20
INDONESIA - UNCERTAINTY OVER AVAILABILITY OF LSFO - THE STANDARD CLUB
The club has received reports that low sulphur fuel is not currently readily available in all Indonesian ports and that there are local shortages.
...
Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
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- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
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- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
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- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Minerals Council of Australia
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- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
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