The government announced its coal reference price (HBA) for October 2013 at US$76.61 FOB vessel, lower compared to $76.89 per ton in September.
The HBA is the price cited for the delivery period of October 1-31, the Directorate General of Coal and Minerals said in a statement Tuesday. 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||82.18|
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