Indonesia sets mixed thermal coal reference prices for H1 June

Indonesia's Ministry of Energy and Mineral Resources (ESDM) on June 1 issued its thermal coal reference prices (Harga Batubara Acuan, or HBA) to guide transactions for the first half of June, where the price of the highest-calorific value (CV) coal was sharply reduced from the last session while prices of mid-to-low CV coal were largely unchanged, according to the ministry's latest release.

Since March, the ESDM has published the HBA prices twice a month (on the 1st and 15th day of each month), 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%) –