Indonesia’s HBA coal price for January falls

摘要

Indonesia’s thermal coal reference price (HBA) for January has been set at $65.93/t, down by around 28.7pc from a year earlier, following a decline in physical prices of high-calorific value (CV) Australian and Indonesian coal through December. The HBA is based on GAR 6,322 kcal/kg coal with 8pc total moisture, 0.8pc total sulphur and 15pc ash and is calculated based on the average of four coal price indexes — the Indonesian Coal Index, Newcastle Export Index, GlobalCoal Newcastle Index and Platts 5900 — in the previous month.