Indonesia, the world’s largest exporter of power-station coal, increased the benchmark price for March sales to the highest in four months, according to data released by the energy ministry.
Coal (CLSPAUNE) with a gross energy value of 6,322 kilo-calories per kilogram cost $112.87 a metric ton on a free-on-board basis at vessel, up 1.2 percent from $111.58 in February, the Directorate General of Coal and Minerals at the ministry said today in a statement on its website.
Below is a list of price references and markers used to calculate prices for coal of similar quality from eight grades in Indonesia as compiled by the energy ministry. Grades are in kilocalories a kilogram, while prices are in U.S. dollars a ton.
================================================================ March Feb. Jan. Dec. Nov. ================================================================ Price Reference 112.87 111.58 109.29 112.67 116.65 Month-on-Month (%) 1.15 2.09 -3.00 -3.41 -2.17 ================================================================ Price Markers ================================================================ Coal Brands Quality Price March. Feb. Jan. Dec. ================================================================ Gunung Bayan I 7,000 121.46 120.06 117.58 121.24 Prima Coal 6,700 119.22 117.91 115.59 119.02 Pinang 6150 6,200 107.47 106.30 104.21 107.29 Indominco IM_East 5,700 92.02 90.97 89.12 91.86 Melawan Coal 5,400 86.81 85.89 84.24 86.67 Envirocoal 5,000 80.12 79.30 77.84 79.99 Jorong J-1 4,400 64.60 63.94 62.76 64.50 Ecocoal 4,200 58.58 57.99 56.94 58.49 ================================================================
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.
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