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
Friday, 12 November 21
INDONESIAN COAL PRICE REFERENCE TOPS $215 A TON; THE HIGHEST COAL PRICE IN HISTORY
Coal Price UpCOALspot.com: Indonesian Coal Price Reference in a steep climb for most of second half of 2021 as it reached a pinnacle of $215.01 in November 2021.
 
The Indonesian Coal Price Reference rose dramatically from US$ 49.42 in September 2020, to a peak of US$ 215.01 in this month, as the demand for coal took hold and supply is failing to follow the trend of the demand.
 
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  335.07 per cent to above US$ 215 a tonne, its highest level of history of HBA.
 
However, analysts are getting more bullish on the recent correction ... international coal price has corrected significantly. With China taking measures to boost internal production, prices on the global market are falling. The bids has now fallen more than 30% in a matter of just two weeks.
  
This month's Indonesia coal price reference which was calculated based on average of October 2021 Index of four International coal indices has increased 33.03% per cent month on month. The Indonesia coal price reference for the month of November 2021 declared at US$215.01 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 November 2021 delivery. In the meantime, the selling price of coal for the domestic Cement & Fertilizer plants, is capped at $90 per Ton for November 2021 delivery.
 
Y-O-Y : Up US$ 159.30 | 285.95%
Y-T-M : Up US$ 139.17 | 183.50%
M-O-M : Up US$ 53.38 | 33.03%
 
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised up the benchmark price of Indonesian thermal coal for November 2021 loading by US$ 53.38 per ton compared to October 2021 price.
 
The declared Indonesian thermal coal price reference for November 2021 delivery is 335.07% 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 155 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. 
 
Indonesian coal benchmark price for November 2021 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the October 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 November 2021 or until publish an new Coal Price Reference (HBA).
 
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 November 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 ...

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