Coal Reference Price Remains High at US$275/Ton in May 2022
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The Indonesian Coal Reference Price (HBA) was set at US$275.64 per ton in May 2022. This HBA is down US$12.76 from the April 2022 price, but remains significantly higher than a year earlier.
The decrease in HBA in May 2022 was influenced by the increasing global coal supply. China and India are among the countries increasing their domestic coal production to reduce imports.
The HBA has been steadily rising since the beginning of 2022. The HBA was recorded at US$158.5 per ton in January 2022, then rose to US$188.38 per ton in February 2022, and to US$203.69 per ton in March 2022.
The HBA reached US$288.4 per ton in April 2022, setting a record high since the first HBA recording.
The HBA itself is the average price derived from the Indonesian Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt's 5900 of the previous month.
The coal quality is standardized at 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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