Indonesian thermal coal HBA prices mixed for H1 August

Indonesia's Ministry of Energy and Mineral Resources (ESDM) has set its Harga Batubara Acuan (HBA) thermal coal reference prices mixed for the first half of August, lowering the flagship high-calorific-value grade for the first time in months while increasing prices across lower-CV categories, according to the latest release dated August 1.

The ESDM decided the HBA for 6,322 kcal/kg GAR coal – the benchmark high-CV grade – at $124.44/tonne for H1 August, down 5.6% from $131.85/t in H2 July and marking the first decline for the grade since April. The reduction ends a multi-month uptrend in ESDM pricing that had carried