Indonesian reference coal price goes up marginally in January

15 January 2018

As per the recently released data by Indonesian government, the Indonesian Coal Price Reference (HBA) rose 1.6% in January 2018. The benchmark price of Indonesian thermal coal has increased USD 1.50 per ton month on month to $ 95.54 per ton for January 2018 delivery.

Ministry of Energy and Mineral Resources Republic Indonesia had declared January HBA at US$ 95.54 per ton for 6322 GAR power plant coal by issuing a ministerial decree dated 3 January 2018.

Indonesia has increased the monthly Indonesian thermal coal price reference for January 2018 delivery meantime, the January 2018 HBA was 10.80 % higher the comparable period in 2017.

An increase or decrease in four international coal indices such as Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) causes an increase or decrease in Indonesian coal price reference every month, as HBA is linked to those international coal indices.