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Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
 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 March 2020 loading.
According to the latest ministerial decree, the Coal Price Reference (HBA) up by 0.28% month on month to US$ 67.08 per ton for 6322 GAR power plant coal for March 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 March 2020 delivery is 25.94% lower compared to March 2019 price.
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 135 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 March 2020 HBA is 31.74% higher compared to February 2016 declared price and 47.20% lower than the February 2011 price.
Indonesian coal benchmark price for March 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the February 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 – 31 March 2020 or until publish an new Coal Price Reference (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$ 59.97 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 16.16 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 31 March 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$ 67.08 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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Tuesday, 10 March 20
CHINA'S COAL-RICH PROVINCE ENSURES ENERGY SUPPLY AMID EPIDEMIC - XINHUA
China’s coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the ou ...
Monday, 09 March 20
OPEC+ 'NO DEAL' A BLOW TO THE MARKET - WOOD MACKENZIE
Speaking after today’s OPEC+ meeting broke up, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “Today’s o ...
Monday, 09 March 20
KOREA EAST-WEST POWER INVITED BIDS FOR 150,000 MT OF MIN 4,400 - MAX 5,499 NAR COAL
COALspot.com: KOREA EAST-WEST POWER CO. LTD. of South Korea has issued an international tender for total 150,000 MT of LCV coal for May – Jun ...
Sunday, 08 March 20
SUPRAMAX: A 55,000DWT VESSEL FIXING DELIVERY FROM EAST KALIMANTAN FOR A TRIP TO VIETNAM AT $9,100 - BALTIC BRIEFING
SUPRAMAX/ULTRAMAX - A 56,000DWT VESSEL FIXED DELIVERY SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY EAST COAST INDIA, IN THE $6,000S
SUPRAMAX/U ...
Friday, 06 March 20
CHINA RESUMES 83.4 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administr ...
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Showing 1081 to 1085 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
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