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Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
 COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.
The Indonesia coal price reference increased 14.97% month on month. The Indonesia coal price reference for the month of July 2021 declared at US$ 115.35 for exports. The selling price of coal for the domestic power plants, which is supplying power to state-owned electricity company (Perusahaan Listrik Negara (PLN), is capped at $70 per Ton for July 2021 delivery.
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised up the benchmark price of Indonesian thermal coal in July 2021 loading by US$ 15.02 per ton compared to June 2021 price.
The declared Indonesian thermal coal price reference for July 2021 delivery is 121.15% higher compared to that in July 2020 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 151 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 US$ 77.63 lower than the February 2011 price.
Indonesian coal benchmark price for July 2021 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the June 2021 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 2021 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$ 11.70 a ton lower compared to Feb’11 benchmark price. In the meantime, this month’s declared price was around US$ 65.93 higher compared to that in September 2020 benchmark price, which was the lowest price ever declared by MEMR.
The government of Indonesia is 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 2021 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 HBA declared in this month.
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 endeavor 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.
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Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
Saturday, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...
Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...
Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...
Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...
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- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Planning Commission, India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
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