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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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Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
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- Singapore Mercantile Exchange
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- Parliament of New Zealand
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- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
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- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
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- Eastern Energy - Thailand
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- Economic Council, Georgia
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- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
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- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
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- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
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- PowerSource Philippines DevCo
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- Georgia Ports Authority, United States
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- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
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- Indogreen Group - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
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- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
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- Goldman Sachs - Singapore
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- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
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- Aditya Birla Group - India
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- Medco Energi Mining Internasional
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- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
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- Coalindo Energy - Indonesia
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- Power Finance Corporation Ltd., India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Transport, Egypt
- PTC India Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
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- IEA Clean Coal Centre - UK
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- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- The Treasury - Australian Government
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- Kepco SPC Power Corporation, Philippines
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