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
Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
coalspot logo
Subdued demand & global oversupply pushed down this month's HBA
 
COALspot.com: The Indonesia Coal Price Reference for the month of September Dives To 11-Year Low, hitting its lowest levels in history and highlighting the plummeting demand for the coal around the world.
 
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised down the benchmark price of Indonesian thermal coal in September 2020 loading by US$ 0.92 per ton compared to August 2020. 
 
The Coal Price Reference (HBA) for September 2020, down by 1.83% month over month to US$ 49.42 per ton for 6322 GAR power plant coal for September 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 September 2020 delivery is 24.88% lower compared to September 2019  price. September 2020 HBA hitting its lowest levels in history of HBA.
 
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 September 2020 was the lowest in 141 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 occurred in September 2020. The September 2020 HBA is 61.10% lower than the February 2011 price.
 
Indonesian coal benchmark price for September 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the August 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 September 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$ 77.63 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price 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 September 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$ 49.42 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

Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...


Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...


Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019,  surprising many who had expected the government would clamp down strictly on shipments.   ...


Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...


Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6118
News by Category
Popular News
 
Total Members : 27,133
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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