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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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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 ...
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. ...
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 c ...
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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- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
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