Indonesia clips June HBA thermal coal price to $191.26/t

Indonesia cut its reference price for Harga Batubara Acuan (HBA) thermal coal for June sales to $191.26/t for the benchmark 6,322 kcal/kg GAR coal (TM 12.58%, sulfur 0.71%, ash 7.58%), down by $14.9/t from May and refreshing a new low since March last year, according to data from the country's Energy and Mineral Resources Ministry (ESDM) released on June 13.

The HBA price has kept falling since April, though the decline in June was slower than that in May, Mysteel Global noted. The other two reference prices, which were introduced in the country's new HBA formula in March both headed lower this month, according to the data. The price of HBA-I