January 2022 Coal Reference Price Falls to US$158.5 per Ton: Here's Why
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The Indonesian Coal Reference Price (HBA) fell to US$158.50 per ton in January 2022. This represents a decrease of US$1.29 per ton compared to US$159.79 per ton in December 2021.
Citing the Ministry of Energy and Mineral Resources (ESDM), this decrease is partly due to increased domestic coal production in China, enabling the country to meet its domestic coal needs.
Throughout 2021, the HBA increased significantly. Opening at US$75.84 per ton in January, the HBA surpassed three digits for the first time in June (US$100.33 per ton). In November 2021, the HBA reached its highest value at US$215.01 per ton.
The HBA is derived from the average of the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt's 5900 from the previous month. The quality is standardized to 6322 kcal/kg GAR, 8% Total Moisture, 0.8% Total Sulphur, and 15% Ash.
This price will be directly used in the buying and selling of coal commodities (spot) for one month at the point of sale on a Free on Board Vessel (FOB Vessel) basis.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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