Indonesian thermal coal HBA prices set higher for H2 June

Indonesia's Ministry of Energy and Mineral Resources (ESDM) has further lifted Harga Batubara Acuan (HBA) thermal coal reference prices and their derivatives for the second half of June, up by 1.7-4.6% from the levels set for the first half of the month, according to the latest release from the ministry on June 15.

This marks the fifth consecutive across-the-board price increase since April 15, Mysteel Global notes. Specifically, the ESDM set the HBA for 6,322 kcal/kg GAR coal (TM 12.26%, Sulfur 0.66%, Ash 7.94%) – a high-CV grade – at $123.91/tonne for this month's second half, up 1.7% from the $121.83/t the