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Indonesia Coal Benchmark Price Gains for Fourth Month

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.

To contact the reporter on this story: Yoga Rusmana in Jakarta at

To contact the editor responsible for this story: Jane Lee at

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