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Indonesia Raises Coal Price to the Highest in Four Months

March 7 (Bloomberg) -- 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 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.

To contact the reporter on this story: Fitri Wulandari in Jakarta at

To contact the editor responsible for this story: Alexander Kwiatkowski at

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