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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.01/MEM.B/2023, the HBA (Calorific Value - 6200 - 6400 GAR coal) has fixed at US$ 283.08 per ton for March 2023 loading.
The Indonesian Coal Price Reference (HBA) is up US$ 6.03 a ton in March 2023, according to data from the Ministry of Energy and Mineral Resources of the Republic of Indonesia. However, the quality of coal for new HBA price is based on 6200- 6400 GAR instead of previous HBA, which was based on 6322 GAR coal.
The Ministry of Energy and Mineral Resources of the Republic of Indonesia is also declared prices HBA I and HBA II for March 2023 shipments.
US$ 136.70 per ton is declared for HBA I (Calorific Value - 5100 - 5300 GAR coal) and US$ 102.26 is declared for HBA II (Calorific Value - 4100 - 4300 GAR coal)
The Ministry of Energy and Mineral Resources of the Republic of Indonesia is no more using Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) to calculate HBA. The HBA is calculated based actual selling prices for the previous month as well as previous 2 months.
The coal price reference in Indonesia was established to fulfil the requirement of mining Law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
The government of Indonesia is publishing a monthly coal price reference (HBA & HPB) since January 2009 to be used by coal producers for all spot as well as term contracts.
However, the official implementation of HBA was commenced since September 2011 and according to government regulation, the coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price for a particular period. Starting from March 2023, the new HBA regulation replaces the previous regulations to determine the HBA, HBA I and HBA II monthly prices.
The declared HBA in this month is valid for the spot price (loading on or before 31 March 2023 or until issuing a new HBA).
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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Cement Manufacturers Association - India
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- Baramulti Group, Indonesia
- ASAPP Information Group - India
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- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
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- Minerals Council of Australia
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- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
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- TeaM Sual Corporation - Philippines
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- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
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- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
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- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
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- Orica Australia Pty. Ltd.
- Australian Coal Association
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- LBH Netherlands Bv - Netherlands
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- Singapore Mercantile Exchange
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- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
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- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
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- Planning Commission, India
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- The State Trading Corporation of India Ltd
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- Economic Council, Georgia
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- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
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- Sojitz Corporation - Japan
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- London Commodity Brokers - England
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- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
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- Bulk Trading Sa - Switzerland
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- Parliament of New Zealand
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