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