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Indonesia Raises Coal Price for First Month Since June

Oct. 5 (Bloomberg) -- Indonesia, the largest exporter of power-station coal, raised the reference price for sales in October by 2.56 percent, the first increase in four months, the Ministry of Energy and Mineral Resources said.

The benchmark for coal with a gross energy value of 6,322 kilocalories a kilogram was raised to $119.24 a metric ton on a free-on-board basis from $116.26 in September, the Directorate General of Coal and Minerals at the energy ministry said in a statement published on its website yesterday.

Below is a list of price references and markers, used to calculate prices for coal 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.

                      Oct.    Sept.    Aug.      July     June
Price Reference     119.24   116.26   117.21   118.24   119.03
Month-on-Month (%)    2.56    -0.81    -0.87    -0.66     1.21

Price Markers
Coal Brands        Quality                  Price
                               Oct.    Sept.     Aug.     July
Gunung Bayan 1      7,000    128.36   125.13   126.16   127.27
Prima Coal          6,700    125.68   122.65   123.62   124.66
Pinang 6150         6,200    113.28   110.56   111.43   112.37
Indominco IM_East   5,700     97.17    94.76    95.53    96.36
Melawan Coal        5,400     91.40    89.25    89.94    90.68
Envirocoal          5,000     84.17    82.28    82.88    83.54
Jorong J-1          4,400     67.88    66.35    66.84    67.37
Ecocoal             4,200     61.50    60.13    60.57    61.04

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 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: Yoga Rusmana in Jakarta at; Fitri Wulandari in Jakarta at

To contact the editor responsible for this story: Paul Gordon at

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