JAKARTA:Indonesia, the world’s largest exporter of power-station coal, reduced its benchmark price for the fuel to the lowest level in 31 months.
Coal with a gross heating value of 6,322 kilocalories per kilogram will cost US$84.65 a metric ton in August, down 3.3 percent from US$87.56 a ton in July, said the Directorate General of Mineral Resources and Coal at the energy ministry in a statement on its website today.
The August price is the lowest since January 2010 when it was US$77.39 a ton, according to the ministry’s data. It is also the fifth consecutive monthly reduction.
Below is a list of price references used to calculate the cost of coal of similar quality in Indonesia, compiled by the energy ministry. Grades are in kilocalories a kilogram and prices are in dollars a ton. (Bloomberg/aph)
|
|
August |
July |
June |
May |
April |
|
Price Reference |
84.65 |
87.56 |
96.65 |
102.12 |
105.61 |
|
Month-on-Month (%) |
-3.3 |
-8.5 |
-6.3 |
-3.3 |
-6.4 |
|
Price Markers |
|
|
|
|
|
|
Coal Brands |
Aug. |
July |
June |
May |
April |
|
Gunung Bayan I |
7,000 |
90.89 |
94.04 |
103.89 |
109.81 |
|
Prima Coal |
6,700 |
90.61 |
93.56 |
102.78 |
108.32 |
|
Pinang 6150 |
6,200 |
81.75 |
84.40 |
92.69 |
97.67 |
|
Indominco IM_East |
5,700 |
69.20 |
71.55 |
78.90 |
83.33 |
|
Melawan Coal |
5,400 |
66.51 |
68.60 |
75.14 |
79.08 |
|
Envirocoal |
5,000 |
62.17 |
64.02 |
69.80 |
73.28 |
|
Jorong J-1 |
4,400 |
50.09 |
51.58 |
56.26 |
59.07 |
|
Ecocoal |
4,200 |
45.66 |
47.00 |
51.16 |
53.66 |
|
|
|
|
|
|
|
==========
Note: Percentage changes are calculated by Bloomberg News. The price reference is an average of the Indonesia Coal Index, Platts-1, Newcastle Export Index and the globalCOAL NEWC Index from the previous month. The average of the price reference for the last three months is used to set prices for a one-year contract for the following year. For sales in barges, the reference price excludes the cost of barging and transshipment into the vessel.
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