Indonesia's Coal Price Benchmark Falls 11.61% in August 2024

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Erlina Fury Santika 19/08/2024 17:41 WIB

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The Ministry of Energy and Mineral Resources (ESDM) sets the benchmark coal price at US$115.29 per ton in August 2024. This is a decrease of 11.61% from July 2024, which was US$130.44 per ton.

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

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

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the Indonesian Coal Reference Price (HBA) for August 2024 at US$115.29 per ton.

This price represents an 11.61% decrease from July 2024's US$130.44 per ton. Furthermore, the August 2024 reference price shows a significant 35.91% year-on-year (yoy) drop compared to August 2023's US$179.9 per ton.

All reference prices across coal classes have decreased.

Specifically, HBA I is set at US$86.2 per ton in August 2024, down from US$91.85 per ton in July 2024.

HBA II is set at US$54.63 per ton in August 2024, down from US$56.09 per ton in July 2024.

Finally, HBA III is set at US$35.62 per ton in August 2024, down from US$36.22 per ton in July 2024.

This reference price is established through Indonesian Minister of Energy and Mineral Resources Decree (Kepmen ESDM) Number 195.K/MB.01/MEM.B/2024 concerning the Reference Price for Metal Minerals and Coal for August 2024, issued on August 12, 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%.

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

* 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%.

(See also: Indonesian Coal Reference Price Increased by 6.04% in July 2024)

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."