HBA coal reference price up to $92.03 in September 2017

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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.

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Posted by : admin [ 9/11/2017 10:05:00 AM ]