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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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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
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