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
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
CoalspotCOALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
 
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised up the benchmark price of Indonesian thermal coal in October 2020 loading by US$ 1.58 per ton compared to September 2020 price.
 
The Coal Price Reference (HBA) for October 2020, up by 3.20% month over month to US$ 51.00 per ton for 6322 GAR power plant coal for October 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 October 2020 delivery is 21.30% lower compared to October 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 September 2020 was the lowest in 142 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. The highest monthly average price occurred in February 2011, while the lowest coal price occurred in September 2020. The September 2020 HBA was 61.10% lower than the February 2011 price.
 
Indonesian coal benchmark price for October 2020 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the September 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 October 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$ 76.05 a ton lower compared to Feb’ 11 benchmark price. In the meantime, this month’s declared price was around US$ 1.58 higher compared to September’ 20 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 October 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$ 51.00 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, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday. & ...


Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...


Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.   The index, released by China ...


Wednesday, 25 November 20
MARKET INSIGHT - INTERMODAL
Over 90% of the world’s goods are transported by sea. LPG is a clean, energy efficient and portable fuel that is being marketed at an afforda ...


Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


   1 2 3 4 5   
Showing 6 to 10 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 ...

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