2020-09-03 12:15:00
INDONESIA'S COAL PRICES DOWN ANEW
PLATTS - 03 Sep 2020 - Indonesia's Ministry of Energy and Mineral Resources set its September thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $49.42/mt, down 1.8% on the month and down 24.9% on the year.
"China's coal imports slumped 20% during the coronavirus pandemic, Indian seaborne demand remained tepid after the lockdown and both countries have sufficient stockpiles," according to a ministry spokesman.
The ministry had set the price for August at $50.34/mt, and for September 2019 at $65.79/mt.
The HBA is a monthly average price based 25% each on Platts Kalimantan 5,900 kcal/kg GAR assessments, Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR), Newcastle Export Index (6,322 kcal/kg GAR) and globalCOAL Newcastle (6,000 kcal/kg NAR).
In August, the daily Platts FOB Kalimantan 5,900 kcal/kg GAR coal assessment averaged $45.44/mt, largely stable from $45.47/mt in July.
The HBA price for thermal coal is the basis for determining the prices of 77 Indonesian coal products and calculating the amount royalty producers have to pay for each metric ton of coal sold.
It is based on 6,322 kcal/kg GAR coal with 8% total moisture content, 15% ash as received and 0.8% sulfur as received.
-----
Earlier:
2020, September, 1, 14:40:00
GERMANY'S COAL COMPENSATION €40 BLN
In July 2020, the German coalition government has approved a €40bn compensation package for power utilities, which operate hard coal-fired power plants in the country and should shut them down by 2038 at the latest.
2020, August, 27, 13:45:00
ASIA'S COAL PRICES BOTTOM
Global coal demand is expected to reach around 5,600 million tonnes by 2024,
2020, August, 27, 13:40:00
INDIA'S COAL IMPORTS WILL DOWN
India spent 1.58 trillion rupees ($21.28 billion) on importing 247 million tonnes of coal,
2020, August, 18, 12:35:00
РОССИЯ - ЛИДЕР НА РЫНКЕ УГЛЯ
Россия остается одним из лидеров на рынке угля и входит в тройку ведущих мировых экспортеров,
2020, August, 18, 12:20:00
VIETNAM'S COAL IMPORTS UP $2.6 BLN
Vietnam has spent around $2.6 billion on importing 36.5 million tons of coal in the first seven months of this year, up 50 percent in volume year-on-year.
2020, August, 7, 13:45:00
GERMANY'S ENERGY WITHOUT COAL
The phase-out of coal-fired power generation in Germany is to be completed by 2038 at the latest
2020, August, 5, 11:50:00
INDONESIA'S COAL PRICE DOWN
Indonesia had set the price for July at $52.16/mt, and for August 2019 at $72.67/mt.
Chronicle:
2022, August, 12, 08:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
2022, August, 12, 08:43:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia.
The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
2022, August, 12, 08:42:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023
Link to the Congress website: https://bit.ly/3tXVmr7
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
2022, August, 12, 08:30:00
BRITAIN'S HARD WINTER
Under the government’s latest “reasonable worst-case scenario,” Britain could face an electricity capacity shortfall totaling about a sixth of peak demand, even after emergency coal plants have been fired up, according to people familiar with the government’s planning.
2022, August, 12, 08:25:00
GLOBAL LNG UNCERTAINTY
The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.