Indonesia Cuts Thermal-Coal Price for Second Month in August
Indonesia, the world’s largest exporter of power-station coal, cut the reference price of the fuel for sale in August by 0.87 percent from a month ago, the second consecutive reduction, the energy ministry said.
The benchmark for coal with a gross energy value of 6,322 kilocalories a kilogram was lowered to $117.21 a metric ton on a free-on-board basis from $118.24 a ton in July, the Directorate General of Coal and Minerals at the energy ministry said in a statement published on its website.
Below is a list of price references and markers, used to calculate prices for coal of similar quality, from eight leading coal brands in Southeast Asia’s biggest economy, as compiled by the energy ministry. Grades are in kilocalories a kilogram, while prices are in U.S. dollars a ton.
=============================================================== August July June May April =============================================================== Price Reference 117.21 118.24 119.03 117.61 122.02 Month-on-Month (%) -0.87 -0.66 1.21 -3.61 -0.33 =============================================================== Price Markers =============================================================== Coal Brand Quality Price August July June May =============================================================== Gunung Bayan 1 7,000 126.16 127.27 128.13 126.59 Prima Coal 6,700 123.62 124.66 125.46 124.02 Pinang 6150 6,200 111.43 112.37 113.09 111.79 Indominco IM_East 5,700 95.53 96.36 97.00 95.85 Melawan Coal 5,400 89.94 90.68 91.25 90.22 Envirocoal 5,000 82.88 83.54 84.04 83.14 Jorong J-1 4,400 66.84 67.37 67.77 67.04 Ecocoal 4,200 60.57 61.04 61.40 60.75 ===============================================================
Note: Percentage changes calculated by Bloomberg News. The price reference is an average of the Indonesia Coal Index, Platts-1, Newcastle Export Index and the globalCOAL NEWC Index from the previous month. The average of the price reference for the last three months is used to set prices for a one-year contract for the following year. For sales in barges, the reference price excludes the cost of barging and transshipment into the vessel.
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