Indonesia coal benchmark price set at $66.27/T for Nov – ministry
November 6, 2019
The Indonesian government set the coal benchmark price (HBA) for November at $66.27 per tonne, an increase from $64.80 per tonne a month earlier, the energy ministry document showed on Tuesday.
* “HBA rose slightly compared with a month earlier because there were some increase in demand for winter,” said the ministry’s spokesman Agung Pribadi
* October’s price was the lowest since September 2016, according to Eikon Refinitiv data COAL-HBA-ID
* The HBA is a monthly average of the Argus-Indonesia Coal Index (ICI-1), the Platts Kalimantan 5,900 assessment, the Newcastle Export Index and the globalCOAL Newcastle index from the previous month.
News Source: REUTERS