COALspot.com keeps you connected across the coal world
  • FOR 2020, FORECASTS HAVE GONE FROM A 12 MILLION TONS PRE-COVID DEFICIT TO A 56 MILLION TONS POST-COVID SURPLUS IN INTERNATIONAL STEAM COAL SUPPLY, MAINLY DUE TO LOWER IMPORTS IN CHINA AND INDIA - ASSOCARBONI
  • SEABORNE WORLD COAL TRADE CLOSED 2019 POSITIVELY WITH A 2% ANNUAL GROWTH AND CONFIRMING A GROWING TREND LEADING TO A 50% INCREASE IN VOLUMES IN 10 YEARS - ASSOCARBONI
  • EUROPE GENERATES ELECTRICITY MAINLY FROM COAL (18,2%) AND FROM NUCLEAR (25,5%), CUTTING THE COSTS OF ELECTRICITY BILLS BY AN AVERAGE 30% - ASSOCARBONI
  • COAL CONFIRMED ITS LEADERSHIP AS LEADING FUEL FOR ELECTRICITY GENERATION ALSO IN 2019, ACCOUNTING FOR 38% OF OVERALL PRODUCTION AND CLOSING 2019 WITH A 2% INCREASE IN SEABORNE COAL TRADE (1.290 MILLION TONS) - ASSOCARBONI
  • VIETNAM, INDIA, CHINA AND PHILIPPINES ARE THE COUNTRIES THAT CONTRIBUTED THE MOST TO THE GROWTH IN COAL VOLUMES DURING 2019, ACHIEVING RECORD RESULTS IN TERMS OF IMPORT - ASSOCARBONI
  • FOR 2021 EXPECTED AN INCREASE IN SEABORNE COAL TRADE, DRIVEN BY IMPORTS OF NEW EMERGING ASIAN ECONOMIES INCLUDING PAKISTAN, BANGLADESH, PHILIPPINES, MALAYSIA AND VIETNAM - ASSOCARBONI
  • CONFIRMED THE GROWTH TREND THAT IN THE LAST TEN YEARS HAS LED TO A 50% INCREASE IN THE COAL MARKETED VOLUMES - ASSOCARBONI
  • 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, 06 July 20
INDONESIAN COAL PRICE REFERENCE IN FREE FALL
COALspot LogoCOALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian thermal coal in July 2020 loading. 
 
The Coal Price Reference (HBA) for July 2020, down by 1.55% month over month to US$ 52.16 per ton for 6322 GAR power plant coal for July 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 July 2020 delivery is 27.47% lower compared to July 2019 price. July 2020 HBA plunges to lowest level in 4 years.
 
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 139 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 July 2020 HBA is 2.44% higher compared to February 2016 declared price and 58.95% lower than the February 2011 price.
 
Indonesian coal benchmark price for July 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the June 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 July 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$ 74.89 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 1.24 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 July 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$ 52.16 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, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...


Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...


Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...


Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...


Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6037
News by Category
Popular News
 
Total Members : 27,023
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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