HBA coal reference price up to $82.51

By Romel S. Gurky

The government sets its coal reference price (HBA) for April 2017 at US$82.51 per ton FOB, higher than $81.90 per ton set in March 2017.

The HBA is the price cited for the delivery period of April 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 Thursday.

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