Indonesia hikes thermal coal HBA prices for first half of May

Indonesia's Ministry of Energy and Mineral Resources (ESDM) on May 1 issued its thermal coal reference prices (Harga Batubara Acuan, or HBA) to guide transactions for the first half of May, notably hiking the prices of the low- and mid-calorific value (CV) grades from the second half of April.

The Ministry has published the HBA prices twice a month (on the 1st and 15th day of each month) since March, replacing its previous monthly updates to better match 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%) –