Indonesia's Coal Reference Price (HBA) Falls from its Highest Level
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The Directorate General of Minerals and Coal of the Ministry of Energy and Mineral Resources Resources (ESDM) has set the Coal Reference Price (HBA) for 6322 kcal coal in September 2018 at US$ 104.81/ton, a 2.84% decrease from US$ 107.83/ton the previous month. This is the first decrease in the last four months. The HBA had reached its highest level in August.
This correction in the HBA was influenced by a decrease in the monthly average of the Indonesia Coal Index (ICI) by 3%, the Newcastle Export Index (NEX) by 1.7%, the Newcastle Global Coal Index (NCGC) by 1.12%, and the Platt's index by 5.9%.
The ICE Newcastle Coal price for September 2018 contracts was at US$ 115/ton, down 0.3% from the previous price. This coal price reached its highest level at US$ 119.9/ton on July 23, 2018. Meanwhile, the main benchmark coal price (HPB) for Gunung Bayan I coal with a quality of 7000 kcal reached US$ 112.73/ton, and for Prima Coal with a quality of 6700 kcal, it reached US$ 111.05/ton.
"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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