The benchmark thermal coal price index of Indonesia (or, Harga Batubara Acuan(HBA) in Indonesian terminology) has fallen by 3.3% in Feb’17 in comparison with that in Jan’17. The fall in the index is attributed to lower demand expected during the month.
The index has declined to USD 83.32/MT FoB in Feb’17 from USD 86.23/MT FoB in Jan’17. However, the index in Feb’17 is significantly high against that in Feb’16, at USD 50.92/MT FoB.
Source: Ministry of Energy and Mineral Resources, Govt of Indonesia
The index, based on select domestic as well as international coal indices, is set by the Ministry of Energy and Mineral Resources, Government of Indonesia, on a monthly basis.
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