Indonesia’s Ministry of Energy and Mineral Resources has set the benchmark coal price or locally known as Harga Batubara Acuan (HBA) at USD 90.57/MT in March, said Agung Pribadi, spokesman at the Energy and Mineral Ministry told, via text message.
The index price was set 11% lower on the year compared with USD 101.86/MT in Mar’18.
The price had fell for an eight consecutive month in Mar’19, also being set below the USD 100 mark since November last year due to various reasons.
It was last quoted at USD 91.80/MT in Feb’19.
The HBA price for thermal coal is the basis for determining the prices of 77 Indonesian coal products and calculating the royalty producers have to pay for each metric ton of coal sold.
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