Indonesia cuts high-CV HBA, raises lower-CV prices for H1 April

Indonesia has varied its thermal coal reference prices (HBA) and derivatives for the first half of April compared with the last half of March, as high-calorific value (CV) coal prices have been lowered while lower-CV grades increased compared with the previous period, the latest release from the Ministry of Energy and Mineral Resources (ESDM) shows.

The HBA for 6,322 kcal/kg GAR coal – a benchmark high-CV grade – was set at $99.87/tonne for April 1-15, down 3% from $103.01/t in the second half of March. In contrast, prices for lower-CV grades were increased by the EDSM. The HBA-I price for 5,300 kcal/kg GAR coal has