The government announced its coal reference price (HBA) for September 2013 stands at US$76.89 FOB vessel, higher compared to $76.70 per ton in August.
The HBA is the price cited for the delivery period of September 1-30, the Directorate General of Coal and Minerals said in a statement Saturday. Price for term contract is the average HBA over the past three months.
Coal price reference is based on coal with GCV (GAR) of 6,322 kcal/kg.
HBA is calculated from the monthly average of four international coal indices: Indonesian coal index/ICI 1, Platts-1, New Castle Export Index and Newcastle Global Coal Index.
|CV (kcal/kg GAR)||TM (%, ar)||TS (%, ar)||Ash (%,ar)|
|1||Gunung Bayan I||7.000||10.00||1.00||15.00||82.49|
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