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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL


COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of May 201 to be used by coal producers to price for all future coal sales.

May 2010 HBA (Indonesian coal price reference) reaches US$ 92.07 Per ton FOB mother vessel compare to 86.58/t FOB vessel in April 2010.

Coal price reference  (HBA) was calculated from the monthly average of four international coal indices such as  Indonesian coal index / ICI 1,  Platts-1,New Castle Export Index and Newcastle globalCoal Index.

Coal price reference is based on coal with GCV (GAR)  6,322 kcal/kg; Total Moisture (arb) 8.00%; Total Sulphur 0.8%; Ash Content 15.00% and  free on Board (FOB) Vessel.

The coal price reference, which has been established to fulfill requirement of mining law 04/2009 and aims to increase government revenue from royalties from coal producers.

The declared coal price reference for May 2010 is US$ 92.07 FOB Vessel up 6.34 percent compared to April Coal price reference.

April 2010 coal price reference was US$ 86.58 per ton according to DJMBP (cs)



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