Down! The Price Of Coal References For High Calories Is Priced At 109.77 US Dollars Per Ton

Coal (photo: dock. intermediate)

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

In February, the Ministry of Energy and Mineral Resources recorded a decline in coal prices from the previous month.

First, HBA in the equity value of 6,322 kcal/kg GAR, total motion 12.26 percent, total sulphur 0.66 percent, and ash 7.94 percent is subject to a price of 109.77 US dollars per ton or a decrease from February which is priced at 124.95 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 from 87,65 US dollars per ton in the previous month to 88.77 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 decrease to 56.83 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 priced at 37.60 US dollars per ton, up from 37.54 US dollars per ton in the previous month.

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.