Indonesia raises HBA for lower-CV thermal coals for H1 Nov, high-CV grade slips

Indonesia's Ministry of Energy and Mineral Resources (ESDM) raised its Harga Batubara Acuan coal reference prices for the three lower-calorific value (CV) grades for the first half of November, saying energy demand in the global market remained strong. But the ministry reduced the high-CV benchmark slightly.

The benchmark 6,322 kcal/kg GAR grade was reduced by $1.21/t, or 1%, from two weeks ago to $125.6/t for the first half of November, but the price is still hovering high, according to a release the ministry's directorate general of minerals and coal published on November 1. The HBA for