Indonesia's export ban pushes benchmark coal price to US$188.38 per ton
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The Indonesian Coal Reference Price (HBA) rose to US$188.38 per ton in February 2022. This represents an increase of US$29.88 per ton compared to January 2022's price of US$158.5 per ton.
According to the Ministry of Energy and Mineral Resources (ESDM), this HBA increase is due to high global demand for coal. The Indonesian export ban also contributed to the price increase.
For information, the Indonesian government temporarily banned coal exports on January 1, 2022, to address domestic needs. This ban was lifted on January 31, 2022, for companies that had fulfilled their domestic market obligation (DMO).
The HBA has consistently remained above US$100 per ton since June 2021. In November 2021, the HBA reached its all-time high of 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.
"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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