Indonesia sets June HBA thermal coal price at $75.46/mt, up 46% on year

Indonesia sets June HBA thermal coal price at $75.46/mt, up 46% on year

Indonesia's Ministry of Energy and Mineral Resources set its June thermal
coal reference price, also known as Harga Batubara Acuan or HBA, at
$75.46/mt, down 9.9% month on month but up 45.64% from a year ago.

The ministry had set the price for May at $83.81/mt, and for June 2016 at
$51.81/mt.

The HBA is a monthly average price based 25% on the Platts Kalimantan 5,900
kcal/kg GAR assessment; 25% on the Argus-Indonesia Coal Index 1 (6,500
kcal/kg GAR); 25% on the Newcastle Export Index -- formerly the
Barlow-Jonker index (6,322 kcal/kg GAR) of Energy Publishing -- and 25% on
the globalCOAL Newcastle (6,000 kcal/kg NAR) index.

In May, the daily Platts FOB Kalimantan 5,900 kcal/kg GAR coal assessment
averaged $69.60/mt, down from $74.92/mt in April, while the daily 90-day
Platts Newcastle FOB price for coal with a calorific value of 6,300 kcal/kg
GAR averaged $74.52/mt, down from $84.64/mt in April.

The HBA price for thermal coal is the basis for determining the prices of 75
Indonesian coal products and calculating the royalty producers have to pay
for each metric ton of coal they sell.

It is based on 6,322 kcal/kg GAR coal, with 8% total moisture content, 15%
ash as received and 0.8% sulfur as received.

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Link to Original Article:
https://www.platts.com/latest-news/coal/singapore/indonesia-sets-june-hba-th
ermal-coal-price-at-27840928

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com