Indonesia's Coal Reference Price Increases by 6.04% in July 2024

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Erlina Fury Santika 28/07/2024 11:20 WIB

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the Indonesian coal reference price (HBA) at US$130.44 per ton, a 6.04% increase from last month's reference price.

Indonesia Coal Reference Price (HBA) (August 2023 - July 2024)

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Indonesia's Coal Reference Price Increases by 6.04% in July 2024

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Indonesia Coal Reference Price (HBA) (August 2023 - July 2024)

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the Indonesian Coal Reference Price (HBA) for July 2024 at US$130.44 per ton.

This price surged 6.04% from June 2024's US$123 per ton. All reference prices increased across coal grades.

Specifically, the HBA I was set at US$91.85 per ton in July 2024, up from US$88.65 per ton in June 2024.

The HBA II was set at US$56.09 per ton in July 2024, up from US$54.79 per ton in June 2024. (Note: The original text incorrectly stated May 2024 here).

Finally, the HBA III was set at US$36.22 per ton in July 2024, down from US$35.82 per ton the previous month.

This reference price was established through Indonesian Minister of Energy and Mineral Resources Decree (Kepmen ESDM) Number 166.K/MB.03/MEM.B/2024 concerning the Reference Price for Metal Minerals and Coal for July 2024, on July 19, 2024.

Previously, the HBA was determined based on the average 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%.

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

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

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

Editor : Erlina Fury Santika

"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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Indonesia's Coal Reference Price Increases by 6.04% in July 2024

Indonesia's Coal Reference Price Increases by 6.04% in July 2024

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