Indonesia's Aug HBA thermal coal price surges 44% on year to $83.97/mt

Indonesia's Aug HBA thermal coal price surges 44% on year to $83.97/mt

Indonesia's Ministry of Energy and Mineral Resources set its August thermal
coal reference price, also known as Harga Batubara Acuan or HBA, at a
seven-month high of $83.97/mt, up 44% year on year and 6.4% higher from
June.

The ministry had set the price for July at $78.95/mt, and for August 2016 at
$58.37/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 July, the daily Platts FOB Kalimantan 5,900 kcal/kg GAR coal assessment
averaged $72.44/mt, up from $70.23/mt in June, while the daily 90-day Platts
Newcastle FOB price for coal with a calorific value of 6,300 kcal/kg GAR
averaged $87.53/mt, up from $80.95/mt in June.

The HBA price for thermal coal is the basis for determining the prices of 77
Indonesian coal products and calculating the royalty producers have to pay
for each metric ton of coal sold.

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/indonesias-aug-hba-thermal
-coal-price-surges-27863309?utm_campaign=plattsbulletinemailtemplate_dyncont
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com