Indonesia lowers thermal coal reference prices for second half of March

Indonesia's Ministry of Energy and Mineral Resources (ESDM) lowered its thermal coal reference prices (Harga Batubara Acuan, or HBA) for all benchmark grades for the second half of March, according to the ministry's latest release.

The ESDM now publishes the HBA prices twice a month (on the 1st and 15th day of each month), replacing its previous monthly updates in a bid to better reflect market dynamics, as Mysteel Global reported. Specifically, the HBA for 6,322 kcal/kg GAR coal (TM 12.26%, Sulfur 0.66%, Ash 7.94%)