Indonesia Cuts Thermal-Coal Reference Price to $116.65 a Ton

Indonesia, the world’s largest exporter of power-station coal, cut the benchmark price for sales in November by 2.2 percent, the Ministry of Energy and Mineral Resources said.

The cost of coal with a gross energy value of 6,322 kilocalories was set at $116.65 a metric ton compared with $119.24 in October, the Directorate General of Coal and Minerals at the energy ministry said in a statement on its website today.

Below is a list of price references and markers, used to calculate prices for coal of similar quality, from eight leading 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.

===============================================================
                      Nov.    Oct.    Sept.      Aug.    July
===============================================================
Price Reference     116.65   119.24   116.26   117.21   118.24
Month-on-Month (%)   -2.17     2.56    -0.81    -0.87    -0.66
===============================================================

Price Markers
===============================================================
Coal Brands        Quality                  Price
                               Nov.    Oct.     Sept.     Aug
===============================================================
Gunung Bayan 1      7,000    125.55   128.36   125.13   126.16
Prima Coal          6,700    123.05   125.68   122.65   123.62
Pinang 6150         6,200    110.92   113.28   110.56   111.43
Indominco IM_East   5,700     95.07    97.17    94.76    95.53
Melawan Coal        5,400     89.53    91.40    89.25    89.94
Envirocoal          5,000     82.53    84.17    82.28    82.88
Jorong J-1          4,400     66.55    67.88    66.35    66.84
Ecocoal             4,200     60.31    61.50    60.13    60.57
===============================================================

Note: Percentage changes are 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.

To contact the reporters on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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