Indonesia Reduces Benchmark Price for Coal for Third Month
Indonesia, the largest exporter of power-station coal, cut the reference price for the fuel for the third month, the Ministry of Energy and Mineral Resources said.
The benchmark price for coal with a gross energy value of 6,322 kilocalories a kilogram was reduced by 0.8 percent to $116.26 a metric ton on a free-on-board basis in September from August, 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.
=============================================================== Sept. Aug. July June May =============================================================== Price Reference 116.26 117.21 118.24 119.03 117.61 Month-on-Month (%) -0.81 -0.87 -0.66 1.21 -3.61 =============================================================== Price Markers =============================================================== Coal Brand Quality Price Sept. Aug. July June =============================================================== Gunung Bayan 1 7,000 125.13 126.16 127.27 128.13 Prima Coal 6,700 122.65 123.62 124.66 125.46 Pinang 6150 6,200 110.56 111.43 112.37 113.09 Indominco IM_East 5,700 94.76 95.53 96.36 97.00 Melawan Coal 5,400 89.25 89.94 90.68 91.25 Envirocoal 5,000 82.28 82.88 83.54 84.04 Jorong J-1 4,400 66.35 66.84 67.37 67.77 Ecocoal 4,200 60.13 60.57 61.04 61.40 ===============================================================
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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