The government sets its coal reference price (HBA) for October 2017 at US$93.99 per ton FOB, higher than $92.03 per ton set in September 2017, in line with rising trend in the price of the commodity in the global market.
The HBA is the price cited for the delivery period of October 1-31. Price for term contract is the average HBA over the past three months, the Directorate General of Coal and Mineral said in a statement on Friday.
Coal reference price is based on coal with CV (GAR) of 6,322 kcal/kg. It is calculated based on the monthly average of four international coal indices: Indonesian coal index/ ICI 1, Platts-1, New Castle Export Index, and Newcastle Global Coal Index.
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Posted by : admin [ 06/10/2017 16.07.00 ]