COALspot.com keeps you connected across the coal world
  • OCTOBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 51.00 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
Monday, 08 June 20
JUNE 2020 INDONESIAN COAL PRICE REFERENCE HIT US$ 52.98 A TON, ITS LOWEST LEVEL SINCE AT LEAST AUGUST 2016
COALspotCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian thermal coal for June 2020 loading. 
 
The Coal Price Reference (HBA) for June 2020, down by 7.09% month over month to US$ 52.98 per ton for 6322 GAR power plant coal for June 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 June 2020 delivery is 34.98% lower compared to June 2019 price. June 2020 HBA lowest level since at least August 2016.
 
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 138 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 June 2020 HBA is 4.05% higher compared to February 2016 declared price and 58.30% lower than the February 2011 price.
 
HBA June 202020 Chart
 
 
Indonesian coal benchmark price for June 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the May 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 –  30 June 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$ 74.07 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 2.06 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 30 June 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$ 52.98 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, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...


Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...


Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.   The index, released by China ...


Tuesday, 17 November 20
AUSTRALIAN COAL EXPORTS TO CHINA SLUMP, BUT PRICES ARE MIXED - REUTERS
China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in ...


Friday, 13 November 20
SHIPPING OUTLOOK TURNS STABLE ON EBITDA GROWTH, IMPROVING SUPPLY-DEMAND BALANCE - MOODY’S
Outlook revised to stable from negative.   The global shipping industry is on course to perform better overall than we had previously ex ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6147
News by Category
Popular News
 
Total Members : 27,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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