Indonesia's Coal Price Benchmark Soars 10.34% in April 2024

The Ministry of Energy and Mineral Resources (ESDM) has set the April 2024 Coal Reference Price (HBA) at US$121.13 per ton. This price surged approximately 10.34% from March 2024, which was US$109.77 per ton.

Based on its classification derivatives, the coal class tended to decrease in April 2024.

The details are as follows: HBA I was US$86.93 per ton in April 2024, down from US$88.77 per ton in March 2024.

Next, HBA II was US$57.17 per ton in April 2024. However, this figure increased from US$56.83 in March 2024.

Lastly, HBA III was US$36.32 per ton in April 2024, down from US$37.60 per ton the previous month.

Previously, the HBA was determined based on the average index of the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt's 5900, with quality equated to a calorific value of 6,322 kcal/kg GAR, total moisture 8%, total sulfur 0.8%, and ash 15%.

The HBA is now calculated based on the average of the coal selling price realization one month prior (70% proportion), and the realization price two months prior (30% proportion).

The HBA is also differentiated into four categories based on coal quality, namely:

* HBA: equivalent calorific value of 6,322 kcal/kg GAR, total moisture 12.26%, total sulfur 0.66%, and ash 7.94%.
* HBA I: equivalent calorific value of 5,300 kcal/kg GAR, total moisture 21.32%, total sulfur 0.75%, and ash 6.04%.
* HBA II: equivalent calorific value of 4,100 kcal/kg GAR, total moisture 35.73%, total sulfur 0.23%, and ash 3.90%.
* HBA III: equivalent calorific value of 3,400 kcal/kg GAR, total moisture 44.30%, total sulfur 0.24%, and ash 3.88%.

This reference price was set through Indonesian Minister of Energy and Mineral Resources Decree Number 88.K/MB.01/MEM.B/2024 concerning the Reference Price for Metal Minerals and the Reference Price for Coal for April 2024, on April 22, 2024.

Disclaimer: This article underwent editorial changes in the fourth paragraph. The original text "down from the previous..." was changed to "increased from US$56.83 in March 2024" on Thursday, May 30, 2024, at 8:00 PM WIB.

(See also: Coal Reference Price Slightly Down 0.71% in February 2024)