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Coal prices in the last two months have decreased, in line with the increase in Chinese coal production and the end of winter in several countries. Furthermore, decreased domestic demand has caused local coal prices to trend downward, a trend expected to continue until mid-year.
The Minister of Energy and Mineral Resources Decree Number 1812 K/30/MEM/2018 concerning the Reference Price of Metal Minerals (HMA) and the Reference Price of Coal (HBA) sets the Indonesian HBA at US$ 89.53 in May 2018. This price is down 5.5% from April's level and marks the second consecutive monthly decline in the last two months.
The HBA is derived from the average of the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platts 5900 from the previous month. The quality is standardized to 6,322 kcal/kg GAR, with 8% total moisture, 0.8% total sulfur, and 15% ash. Coal prices previously reached their highest level in early 2011, reaching US$ 127/ton.
"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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