COALspot.com keeps you connected across the coal world

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, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
index upCOALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, before plunging to US$49.42 in September 2020, as the demand for coal took hold.
 
Supply disruptions, a drought in China and rebounding electricity demand have driven up the market for thermal coal, making thermal coal one of this year’s best-performing fuel. Since the September 2020, the price of 6322 GAR coal - the benchmark for the Indonesian Coal Price Reference - has climbed  203.58 per cent to above US$150 a tonne, its highest level since January 2009.
 
Coal analysts forecast that, coal supplies to fall faster than the fall of demand, due to environmental policies. The present environmental policies will result in weakening supply, as banks refuse to fund new coal mine projects. 
 
In the meantime, the analysts are also forecasting that the China and India will continue to import coal for the next decade which keeps the demand high.
 
According to Bloomberg, the era of cheap natural gas is over as Prices Surge by 1,000%, giving way to an age of far more costly energy that will create ripple effects across the global economy. 
 
Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in supply from the U.S. to Australia. That came crashing to a halt this year as demand drastically outpaced new supply. European gas rates reached a record this week, while deliveries of the liquefied fuel to Asia are near an all-time high for this time of year.
 
The Indonesia coal price reference increased 14.54 per cent  month on month. The Indonesia coal price reference for the month of September 2021 declared at US$150.03 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 still capped at $70 per Ton for September 2021 delivery
 
Y-O-Y : Up US$ 100.61 | 203.58%
Y-T-M : Up US$ 74.19 | 97.82%
M-O-M : Up US$ 19.04 | 14.54%
 
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised up the benchmark price of Indonesian thermal coal in September 2021 loading by US$ 19.04 per ton compared to August 2021 price.
 
The declared Indonesian thermal coal price reference for September 2021 delivery is 203.58 per cent higher compared to that in September 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 153 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 price occurred in September 2021, while the lowest coal price occurred in September 2020. The September 2020 HBA was US$ 100.61 lower than the September 2021 price.
 
Indonesian coal benchmark price for September 2021 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the August 2021 index average of ICI-1 (Indonesia Coal Index) 25 per cent, Platts-5900 25 per cent, NEX (Newcastle Export Index) 25 per cent, and GC (globalCoal Index) 25 per cent 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 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 this month. In the meantime, this month’s declared price was 203.58 per cent 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 30 September 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.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...


Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...


Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...


Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...


Friday, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6503
News by Category
Popular News
 
Total Members : 27,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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