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

Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...


Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...


Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter. ...


Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.    Earnings generation should slow down as selling pr ...


Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...


   4 5 6 7 8   
Showing 26 to 30 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 ...

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