Indonesia Cuts Power-Station Coal Price to 18-Month Low
Indonesia, the world’s largest exporter of power-station coal, cut its benchmark price for the fuel to the lowest level in 18 months.
Coal with a gross heating value of 6,322 kilocalories per kilogram cost $102.12 a metric ton on a free-on-board basis in May, down 3.3 percent from $105.61 in April, the Directorate General of Coal and Minerals at the ministry said today in a statement on its website. That is the lowest price since November 2010, according to the ministry’s data.
Below is a list of price references used to calculate the cost of coal of similar quality in Indonesia, compiled by the energy ministry. Grades are in kilocalories a kilogram and prices are in dollars a ton.
May April March Feb. Jan. ================================================================ Price Reference 102.12 105.61 112.87 111.58 109.29 Month-on-Month (%) -3.3 -6.4 1.2 2.1 -3.0 ================================================================ Price Markers ================================================================ Coal Brands Grade Price May April March Feb ================================================================ Gunung Bayan I 7,000 109.81 113.59 121.46 120.06 Prima Coal 6,700 108.32 111.86 119.22 117.91 Pinang 6150 6,200 97.67 100.85 107.47 106.30 Indominco IM_East 5,700 83.33 86.15 92.02 90.97 Melawan Coal 5,400 79.08 81.59 86.81 85.89 Envirocoal 5,000 73.28 75.50 80.12 79.30 Jorong J-1 4,400 59.07 60.87 64.60 63.94 Ecocoal 4,200 53.66 55.26 58.58 57.99 ================================================================
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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