Indonesian thermal coal HBA indexes soften for H1 Nov

Indonesia's Harga Batubara Acuan or HBA thermal coal reference prices and their derivatives, issued by the Ministry of Energy and Mineral Resources (ESDM), have been generally set lower for the first half of November, with high-, mid-, and ultra low-calorific value (CV) grades reduced from the previous half month, while those for low-CV grade have been increased slightly.

Specifically, the ESDM set the HBA for 6,322 kcal/kg GAR coal (TM 12.26%, Sulfur 0.66%, Ash 7.94%) – a grade with high CV – at $103.75/tonne for the first half of this month, down by 5.5% from the $109.74/t announced half a month ago, the ministry's release showed. The ESDM