HBA coal reference price up to $83.81
Friday, May 5 2017 - 02:44 AM WIB
The government sets its coal reference price (HBA) for May 2017 at US$83.81 per ton FOB, higher than $82.51 per ton set in April 2017.
The HBA is the price cited for the delivery period of May 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 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