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Indonesia Reduces HBA Coal Reference Price for September

Coal News - Published on Tue, 10 Sep 2019

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The Indonesian Energy and Mineral Resources Ministry has set coal benchmark price at USD 65.79 per tonne for September, down from USD 72.67 per tonne for August as global economic uncertainty amid weakening demand from Europe has eroded exports of one of Indonesia's major exported products. From January to September, the average of Indonesia's coal reference price touched USD 81.92 per tonne

The Indonesian reference price for thermal coal is the basis for setting up the prices of the country's 77 coal products and gauging the royalty producers have to pay for each tonne of coal sold.

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Posted By : Rabi Wangkhem on Tue, 10 Sep 2019
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