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07-02-2019

Indonesia sets coal benchmark price (HBA) at $91.8/T for February

The Indonesian government has set the coal benchmark price (HBA) for February at $91.8 per tonne, slightly lower compared to $92.4 per tonne in January, the mining ministry said in a statement on Wednesday

* The benchmark price fell for a sixth consecutive month in February due to import restriction in China and India, the ministry said

* “The policy to utilise domestic coal output in both countries had some impacts on the lower coal benchmark price this month,” the ministry spokesman Agung Pribadi said in the statement

* The HBA is a monthly average of the Argus-Indonesia Coal Index (ICI-1), the Platts Kalimantan 5,900 assessment, the Newcastle Export Index and the globalCOAL Newcastle index from the previous month
Source: Reuters

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