Indonesia further ups thermal coal HBA prices for H1 June

Indonesia has raised its thermal coal reference price (HBA) and all derivative indices for the first half of June, reflecting stronger global coal market fundamentals driven by geopolitical tensions and supply-side uncertainties, according to the latest release from the Ministry of Energy and Mineral Resources (ESDM).

The HBA for 6,322 kcal/kg GAR coal – the benchmark high-calorific value grade – was set at $121.83/tonne for June 1-15, up 4.7% from $116.32/t in the second half of May. The EDSM has now lifted this benchmark price for five consecutive sessions since H1 April, hitting the highest