Record High: April 2022 Coal Reference Price Reaches US$288.4 per Ton
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The Ministry of Energy and Mineral Resources (ESDM) set the Indonesian Coal Reference Price (HBA) at US$288.4 per ton in April 2022. This is the highest HBA ever recorded.
The ESDM Ministry attributes the high coal price to the escalating Russia-Ukraine conflict. This conflict has led the United States and NATO to embargo energy supplies from Russia, one of the world's largest energy raw material suppliers.
The recovery of economic activity is another contributing factor. The ministry cites high Chinese electricity consumption as a driver of the increased HBA.
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 indices from the previous month.
The coal quality used in the calculation is standardized to 6322 kcal/kg GAR, 8% total moisture, 0.8% total sulfur, 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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