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Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
Referring to the new regulation, there are three reference prices for coal.
The government, in this case the Ministry of Energy and Mineral Resources (ESDM) has officially changed the guideline for determining the benchmark price for the sale of coal commodities. The new rules are contained in the Minister of Energy and Mineral Resources Decree No. 41.K/MB.01/MEM.B/2023.
HBA (Calorific Value - 6200 - 6400 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 6,322 kcal/kg GAR, Total Moisture 12.58%, Total Sulfur 0.71% and Ash 7.58%, the HBA is: HBA = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 6,200 -6,400 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 6,200 -6,400 kcal/kg GAR in the previous two months (US$/tonne).
HBA I (Calorific Value - 5100 - 5300 GAR coal)
The Reference Coal Price (in the equivalent calorific value of 5,200 kcal/kg GAR, Total Moisture 23.12%, Total Sulfur 0.69% and Ash 6%, the HBA is: HBA I = (0.7*Pm) + (0.3 *Pm-1) (US$/ton) Pm is the average selling price of coal with calories 5,100 -5,300 kcal/kg GAR in the previous month (US$/ton) Pm-1 is the average selling price of coal with calories of 5,100 -5,300 kcal/kg GAR in the previous two months (US$/tonne).
HBA II (Calorific Value - 4100 - 4300 GAR coal)
The Reference Coal Price II (in the equivalent calorific value of 4,200 kcal/kg GAR, Total Moisture 35.29%, Total Sulfur 0.2% and Ash 4.21%, the HBA: HBA II = (0.7*Pm) + (0.3*Pm-1) (US$/ton). Pm is the average selling price of coal with calories 4,100 -4,300 kcal/kg GAR in the previous month (US$/ton). Pm-1 is the average price selling coal with calories of 4,100 -4,300 kcal/kg GAR in the previous two months (US$/tonne)..
The implementation of this formula since 27 on February 2023. Any transactions on and after 27 February 2023 is subject to this new formula.
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
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- Commonwealth Bank - Australia
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- Maheswari Brothers Coal Limited - India
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- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
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- SMC Global Power, Philippines
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- Port Waratah Coal Services - Australia
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- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
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- Ministry of Finance - Indonesia
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- McConnell Dowell - Australia
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- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
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- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
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- AsiaOL BioFuels Corp., Philippines
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- Electricity Authority, New Zealand
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- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
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- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
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- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
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- New Zealand Coal & Carbon
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- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Planning Commission, India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
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- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
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- Global Coal Blending Company Limited - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Bukit Makmur.PT - Indonesia
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- Orica Mining Services - Indonesia
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