Traders, miners playdown Jakarta's scrapping of domestic benchmark for coal exports

With nearly three weeks having passed since the Indonesian government's rolling back of its edict requiring coal exporters to use its domestic price index for export business, local coal traders and mining industry sources say the impact on the market has been negligible.

"Actually, it's been happening since June – that exporters are selling based on the index and not the HPB (derived from HBA) – and now the government has just formalized it," an Indonesia coal trader observed. "No big impact on this is expected," he added. He was referring to the