Jan. 10 (Bloomberg) -- Indonesia increased the reference price for coal sales for the fourth straight month, raising it by 8.7 percent in January, the Ministry of Energy and Mineral Resources said.
The benchmark for coal with a gross energy value of 6,322 kilocalories a kilogram was set at $112.4 a metric ton this month from $103.41 a ton in December, the Directorate General of Coal and Minerals at the energy ministry said in a statement on its website.
Below is a list of price references and markers, used to calculate prices for other coal types 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.
Indonesia is the world’s largest exporter of the fuel after Australia.
=============================================================== Jan. Dec. Nov. Oct. Sept. =============================================================== Price Reference 112.40 103.41 95.51 92.68 90.05 Month-on-Month (%) 8.69 8.27 3.05 2.92 -5.07 =============================================================== Price Markers =============================================================== Coal Brand Quality Prices Jan. Dec. Nov. Oct. =============================================================== Gunung Bayan 1 7,000 121.15 111.41 102.86 99.79 Prima Coal 6,700 117.54 108.43 100.42 97.55 Pinang 6150 6,200 105.89 97.70 90.50 87.92 Indominco IM_East 5,700 91.45 84.18 77.79 75.50 Melawan Coal 5,400 85.08 78.61 72.93 70.89 Envirocoal 5,000 77.74 72.02 67.00 65.20 Jorong J-1 4,400 62.73 58.10 54.04 52.58 Ecocoal 4,200 56.64 52.52 48.91 47.61 ===============================================================
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 price reference for the last three months is used to set prices for a one-year contract for the following year. - For sales in barge, the reference price is excluding cost of barging and transshipment into vessel.
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