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
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

Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019,  surprising many who had expected the government would clamp down strictly on shipments.   ...


Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...


Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease. COVID-19 a ...


Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...


Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...


   63 64 65 66 67   
Showing 321 to 325 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 ...

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