HBA coal reference price down to $53.51

Monday, December 14 2015 - 01:56 AM WIB

By Romel S. Gurky

The government set its coal reference price (HBA) for December 2015 at US$53.51 per ton FOB, lower than $54.43 per ton set in November.

The HBA is the price cited for the delivery period of December 1-31. 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 57.16
2 Prima Coal 6.700 12.00 0.60 5.00 59.04
3 Pinang 6150 6.200 14.50 0.60 5.50 53.37
4 Indominco IM_East 5.700 17.50 1.63 4.80 44.02
5 Melawan Coal 5.400 22.50 0.40 5.00 44.10
6 Envirocoal 5.000 26.00 0.10 1.20 42.36
7 Jorong J-1 4.400 32.00 0.25 4.15 34.07
8 Ecocoal 4.200 35.00 0.18 3.90 31.41

Editing by Reiner Simanjuntak

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