Coal reference price for November set at $78.13

Friday, November 8 2013 - 03:08 AM WIB

By Romel S. Gurky

The government announced its coal reference price (HBA) for November 2013 at US$78.13 FOB vessel, higher compared to $76.61 per ton in October.

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

Coal price reference is based on coal with GCV (GAR) of 6,322 kcal/kg.

HBA is calculated from 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 83.83
2 Prima Coal 6.700 12.00 0.60 5.00 84.00
3 Pinang 6150 6.200 14.50 0.60 5.50 75.81
4 Indominco IM_East 5.700 17.50 1.63 4.80 63.93
5 Melawan Coal 5.400 22.50 0.40 5.00 61.82
6 Envirocoal 5.000 26.00 0.10 1.20 58.02
7 Jorong J-1 4.400 32.00 0.25 4.15 46.73
8 Ecocoal 4.200 35.00 0.18 3.90 42.68

Editing by Reiner Simanjuntak

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