COALspot.com keeps you connected across the coal world
  • AUGUST 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 50.34 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

Tuesday, 28 July 20
DEUTSCHE BANK TO END GLOBAL BUSINESS ACTIVITIES IN COAL MINING BY 2025 - REUTERS
Deutsche Bank, in a revamp of its policies for fossil fuels, said on Monday that it would end business activities worldwide related to coal mining ...


Monday, 27 July 20
IEEFA ENERGY FINANCE CONFERENCE 2020: COAL, LNG, PETROCHEMICAL SECTORS FACE POOR OUTLOOK AND UPHILL BATTLE FOR INVESTORS
Fossil fuel industries were becoming less financially attractive even before the global coronavirus pandemic   Three major fossil fuel ...


Friday, 24 July 20
IPA: THERMAL COAL IMPORTS AT MAJOR PORTS DECLINE 35 PC TO 17.71 MT IN APR TO JUNE - ECONOMIC TIMES
These ports had handled 27.13 MT of thermal coal and 14.95 MT of coking coal in the April-June period of the previous financial year   ...


Thursday, 23 July 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 1.36 MILLION TONS OF BITUMINOUS COAL FOR OCTOBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 1,360,00 ...


Wednesday, 22 July 20
CIL'S COAL SUPPLY TO POWER SECTOR DROPS OVER 21% TO 93.5 MT IN APR-JUN QUARTER - PTI
The supply of coal by state-owned Coal India Ltd to the power sector fell 21.7 percent to 93.5 million tonnes (MT) in the first quarter of the ongo ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6031
News by Category
Popular News
 
Total Members : 27,022
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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