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

Thursday, 07 January 21
FITCH FORECASTS DOUBLING IN ASIAN WIND, SOLAR CAPACITY BY 2029, TOPPING 1,500GW
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, ...


Wednesday, 06 January 21
INDONESIA EXCEEDS COAL PRODUCTION TARGET IN 2020
Indonesian coal production reached 557.54 Million Tons in 2020 1.37% higher than of last year’s total target of 550.00 Million Tons, accordin ...


Wednesday, 06 January 21
CHINESE CITIES REPORTEDLY GO DARK AS COUNTRY FACES SHORTAGE OF COAL, A MAJOR AUSTRALIAN EXPORT - CNBC
Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.   Analysts said pr ...


Tuesday, 05 January 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP - XINHUA
China Taiyuan coal transaction price index stood at 136 points Monday, up 0.91 percent week on week.   The index, released by China Ta ...


Tuesday, 05 January 21
THE INDONESIA COAL PRICE REFERENCE SOARS TO HIGHEST ONE-MONTH INCREASE SINCE DECEMBER 2016
COALspot.com: The Indonesia coal price reference for January 2021 settles above $75 for the first time since July 2019 and to highest one-month inc ...


   1 2 3 4 5   
Showing 11 to 15 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 ...

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