HBA coal reference price up to $92.03
Thursday, September 7 2017 - 01:07 AM WIB
By Romel S. Gurky
The government sets its coal reference price (HBA) for September 2017 at US$92.03 per ton FOB, higher than $83.97 per ton set in August 2017.
The HBA is the price cited for the delivery period of September 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 Tuesday.
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