Down Thin, High Calorie HBA Set 124.95 US Dollars Per Ton

Price of coal (photo: dock. Antara)

JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) has issued the latest provisions regarding the reference coal price (HBA) in February 2024.

In February, the Ministry of Energy and Mineral Resources recorded a slight decline from the previous month's HBA.

First, HBA in the equity value of 6,322 kcal/kg GAR, a total motion of 12.26 percent, a total sulphur of 0.66 percent, and an ash of 7.94 percent is subject to a price of 124.95 US dollars per ton or a slight decrease from the previous month which was set at 125.85 US dollars per ton.

Second, for HBA I with an equal calorie value of 5,300 kcal per kg GAR, a total motion of 21.32 percent, sulphur 0.75 percent, and Ash 6.04 percent slightly strengthened to 87,65 US dollars per tonne from the previous month which was set at 87.36 US dollars per ton.

Next, for HBA II with an equal calorie value of 4,100 kcal/kg GAR, a total motion of 35.73 percent, sulphur 0.23 percent, and Ash 3.90 percent was observed to have decreased from 58.56 US dollars per tonne to 57.86 US dollars per ton.

Finally, for HBA III with an equal calorie value of 3,400 kcal/kg GAR, a total of 44.30 percent moisture, 0.24 percent sulphur, and 3.88 percent Ash is priced at 37.54 US dollars per ton, up slightly from February which is deposited at 37.09 US dollars per ton.

The determination of the HBA formula in principle aims to obtain the HBA received by the market taking into account state revenues.

This consideration is the basis for issuing regulations related to prices based on market mechanisms.

HBA was formed from the average realization of coal selling prices two months earlier, with a proportion of 70 percent of the price realization one month earlier.