Indonesia's Coal Reference Price Increases by 4.81% in October 2024

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Erlina Fury Santika 05/11/2024 14:54 WIB

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Data from the Ministry of Energy and Mineral Resources (ESDM) shows that Indonesia's coal benchmark price (HBA) increased by 4.81% in October 2024 to US$131.17 per ton. However, other coal grades show

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

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

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The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the Indonesian Coal Reference Price (HBA) for October 2024 at US$131.17 per ton.

This price is a 4.81% increase from September 2024, which was US$125.15 per ton.

This price increase follows a rise of 8.55% in September 2024 compared to August 2024, which stood at US$115.29 per ton.

Historically, the October 2024 reference price also shows a 5.81% increase year-on-year (YoY) compared to October 2023, which was US$123.96 per ton.

However, the prices of coal derivatives are observed to have decreased.

HBA I is set at US$79.69 per ton in October 2024, down from US$85.01 per ton in September 2024.

Furthermore, HBA II is set at US$52.41 per ton in October 2024, down from US$53.26 per ton in September 2024.

Finally, HBA III is set at US$34.67 per ton in October 2024, down from US$35.89 per ton in September 2024.

This reference price is determined by Indonesian Minister of Energy and Mineral Resources Decree (Kepmen ESDM) Number 277.K/MB.01/MEM.B/2024 concerning the Reference Price for Metal Minerals and Coal for October 2024, issued on October 24, 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, namely:

* 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%.

(Also read: Indonesian Coal Reference Price Up 8.55% in September 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."