COALspot.com keeps you connected across the coal world
  • OCTOBER 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 161.63 A TON
  • OCTOBER 2021 HBA FOR EXPORTS INCREASED BY $11.60 MOM, $85.79 YTM AND $110.63 YOY

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, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline. &n ...


Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...


Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...


Tuesday, 28 September 21
THE MAIDEN EDITION OF DIVE TECHNOLOGY SUMMIT 2021 CONCLUDES SUCCESSFULLY
Press Release: DIVE TECHNOLOGY SUMMIT 2021, a one-day conference on the recent technological advancements in the Industrial Diving industry conclud ...


Monday, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, ...


   5 6 7 8 9   
Showing 31 to 35 news of total 6427
News by Category
Popular News
 
Total Members : 27,597
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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