Coal reference price for June set at $59.59

Monday, June 8 2015 - 02:30 AM WIB

By Romel S. Gurky

The government set its coal reference price (HBA) for June 2015 at US$59.59 per ton FOB, lower than $61.08 per ton set in May.

The HBA is the price cited for the delivery period of June 1-30. Price for term contract is the average HBA over the past three months, the Directorate General of Coal and Mineral said in a statement on Monday.

Coal reference price is based on coal with CV (GAR) of 6,322 kcal/kg. It is calculated based on the monthly average of four international coal indices: Indonesian coal index/ ICI 1, Platts-1, New Castle Export Index, and Newcastle Global Coal Index.

No BRAND Specification Price (USD/Ton)
CV (kcal/kg GAR) TM (%, ar) TS (%, ar) Ash (%,ar)
1 Gunung Bayan I 7.000 10.00 1.00 15.00 63,75
2 Prima Coal 6.700 12.00 0.60 5.00 65,21
3 Pinang 6150 6.200 14.50 0.60 5.50 58,91
4 Indominco IM_East 5.700 17.50 1.63 4.80 48,94
5 Melawan Coal 5.400 22.50 0.40 5.00 48,48
6 Envirocoal 5.000 26.00 0.10 1.20 46,23
7 Jorong J-1 4.400 32.00 0.25 4.15 37,19
8 Ecocoal 4.200 35.00 0.18 3.90 34,19

Editing by Reiner Simanjuntak

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