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The Ministry of Energy and Mineral Resources (ESDM) has set the Indonesian Coal Reference Price (HBA) at US$319 per ton for July 2022. This HBA is down US$4.91 per ton from the June HBA of US$323.91 per ton.
This decrease in HBA is due to the low price of coal from Russia. This has led to China and India increasing their import capacity.
China and India's interest in Russian coal is driven by the scarcity of liquefied natural gas and its rising price.
Since July last year, the HBA has consistently been above US$100 per ton. The highest HBA occurred last month, marking the highest HBA ever recorded.
The HBA is the average price of the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Global Coal Newcastle Index (GCNC), and Platt's 5900 indices from 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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