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Indonesia sets September HBA thermal coal price at USD 104.81

Coal News - Published on Fri, 14 Sep 2018

Image Source: INCORE
S&P Global Platts reported that Indonesia's Ministry of Energy and Mineral Resources set its September thermal coal reference price, also known as Harga Batubara Acuan or HBA, at USD 104.81 per tonne, down 2.8% from August but up 13.8% year on year. The HBA is a monthly average price based 25% each on Platts Kalimantan 5,900 kcal/kg GAR assessments, Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR), Newcastle Export Index (6,322 kcal/kg GAR) and globalCOAL Newcastle (6,000 kcal/kg NAR). The HBA price for thermal coal is the basis for determining the prices of 77 Indonesian coal products and calculating the royalty producers have to pay for each metric ton of coal sold. It is based on 6,322 kcal/kg GAR coal with 8% total moisture content, 15% ash as received and 0.8% sulfur as received.

In August, the daily Platts FOB Kalimantan 5,900 kcal/kg GAR coal assessment averaged USD 77.68 per tonne, down from USD82.96 per tonne in July, while the daily 7-45 day Platts Newcastle FOB price for coal with a calorific value of 6,300 kcal/kg GAR averaged USD 118.29 per tonne, compared with USD 120.74 per tonne in the previous month.

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Posted By : Rabi Wangkhem on Fri, 14 Sep 2018
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