HBA coal reference price down to $83.32
Saturday, February 4 2017 - 02:49 AM WIB
By Romel S. Gurky
The government has set its coal reference price (HBA) for February 2017 at US$83.32 per ton FOB, down from $86.23 per ton set in January 2017.
The HBA is the price cited for the delivery period of February 1-28. 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 Friday.
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.
Editing by Reiner Simanjuntak