COALspot.com keeps you connected across the coal world
  • JUNE 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 52.98 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
Friday, 06 March 20
INDONESIA COAL PRICE REFERENCE UP AGAIN THIS MONTH
COALspot logoCOALspot.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.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.   New data from the Unit ...


Friday, 19 June 20
INDIA'S COAL CONSUMPTION GROWTH IN 2019 SLOWEST SINCE 2001: BP STATS REVIEW - HINDU BUSINESS LINE
Growth in global energy markets slowed in 2019 in line with weaker economic growth, according to the bp Statistical Review of World Energy 2020. Th ...


Friday, 19 June 20
KOWEPO TO IMPORT 1,050,000 MT OF MIN 5300 NCV COAL FOR THREE YEARS
COALspot.com: Korera Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total  1,050k MT Min.5,300 kcal/kg NCV coal for t ...


Thursday, 18 June 20
INDIA: GOVT'S PLAN TO CUT COAL IMPORT GOES FOR A TOSS AS FY20 BREAKS LOGISTICS CHAIN; LOCAL OUTPUT STAGNANT - FINANCIAL EXPRESS
Weak logistics support and disrupted supply chain towards the end of the last financial year 2019-20 hit the government’s plan to cut coal im ...


Thursday, 18 June 20
INDIA: THERMAL PLANTS TO OPERATE BELOW 53% CAPACITY IN FY21 AS POWER DEMAND DIPS - BUSINESS STANDARD
The Plant Load Factor (PLF) of thermal power stations across the country is projected to dip below 53 per cent in this fiscal. Muted power demand f ...


   4 5 6 7 8   
Showing 26 to 30 news of total 5994
News by Category
Popular News
 
Total Members : 26,978
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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