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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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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according ...
Thursday, 28 July 22
CREW FAMILIARISATION IS CRITICAL WHEN TAKING OVER A VESSEL - WEST P&I CLUB
Knowledge to Elevate
When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and mana ...
Thursday, 28 July 22
RETURN OF COAL A THREAT TO EUROPEAN COMPANIES' ESG RATINGS - REUTERS
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them ...
Wednesday, 27 July 22
MARKET INSIGHT - INTERMODAL
Amid the upcoming ban on Russian coal from the EU, which will be in full effect on August 10th, EU nations have been accelerating their coal import ...
Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
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- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
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