RI Reference Price for Coal in January 2019 Declines
LensaAktual . Reference Coal Price (HBA) is still continuing the downward trend. The government set a January 2019 HBA of US $ 92.41 per ton, or slightly lower than last month which was set at US $ 92.51 per barrel. This is stated in the Minister of Energy and Mineral Resources (ESDM) Decree 01 K / 30 / MEM / 2019 regarding Reference Metal Mineral Prices and HBAs for January 2019. For information, HBA is a price obtained from the average index of the Indonesia Coal Index (ICI), the Newcastle Export Index (NEX), the Globalcoal Newcastle Index (GCNC) and Platts's 5900 in the previous month. Quality is equal to 6332 kcal per kilogram (kg) GAR, 0.8 percent total sulfur, 8 percent total humidity and 15 percent ash. The Head of the Communication, Public Information Services and Cooperation Ministry of the Supreme Private Ministry of Energy and Mineral Resources revealed that coal prices declined because China's coal imports were limited, while demand for other countries was relativel...