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Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
 European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded a decline of USD22.77 per ton or 7.39% compared to the October HBA to USD 308.2 per tonne says Ministry of Energy and Mineral Resources Republic of Indonesia in a press release.
"The increase in gas supply in Europe has made gas prices decrease, and the weak gas price has an impact on coal prices which also decline," said Head of the Communications, Public Information Services and Cooperation Bureau (KLIK) of the Ministry of Energy and Mineral Resources Agung Pribadi in Jakarta, Thursday (3/11).
Another factor that contributed to the decline in HBA was China's coal production and economic conditions. "In addition, the increase in coal production and the slowdown in the Chinese economy have also contributed to the decline in global coal prices," said Agung.
The movement of the HBA since the beginning of 2022 touched the highest value in October, where the HBA rose to touch the level of USD330.97 per ton. The geopolitical condition in Europe as a result of the Russia-Ukraine conflict, which caused fluctuations in European gas prices, became the main driving factor. China's coal production which has increased but its economic slowdown is another factor in the decline in HBA this month, the press release further noted.
There are two derivative factors that affect the movement of HBA, namely, supply and demand. In terms of supply derivatives, it is influenced by season (weather), mining techniques, supplier country policies, to supply chain technicalities such as trains, barges, and loading terminals.
Meanwhile, the demand derivative factor is influenced by declining electricity demand, which correlates with industrial conditions, import policies, and competition with other energy commodities, such as LNG, nuclear, and hydro.
HBA itself is a price obtained from the average index of the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt's 5900 in the previous month, with quality equivalent to 6322 kcal/kg GAR. , Total Moisture 8%, Total Sulfur 0.8%, and Ash 15%.
This month HBA will be used directly in the sale and purchase of coal commodities (spot) for month of November at the point of delivery of sales on a Free on-board basis on a transport vessel (FOB Veseel).
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Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
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- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- PTC India Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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