Indonesian HBA index increased to $93.99/t in September

Indonesian Ministry of Energy and Mineral Resources reported that their thermal coal reference price index, also known as HBA index, increased to $93.99/t, up $2.1% m-o-m and up 36.1% y-o-y. The HBA index is calculated based on a monthly average price based on 25% of the Platts Kalimantan 5,900 kcal/kg GAR assessment; 25% of the Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR); 25% of the Newcastle Export Index (6,322 kcal/kg GAR) and 25% of the globalCOAL Newcastle (6,000 kcal/kg NAR) index. The HBA price for thermal coal is the basis for determining the prices of 75 Indonesian coal products and … Continue reading Indonesian HBA index increased to $93.99/t in September