Indonesian Government's Benchmark Thermal Coal Price (HBA) for 2022-Blog

Indonesian Government's Benchmark Thermal Coal Price (HBA)
Month	2017	2018	2019	2020	2021	2022
January	86.23	95.54	92.41	65.93	75.84	158.50
February	86.23	95.54	91.80	66.89	87.79	188.38
March	83.32	100.69	90.57	67.08	84.49	203.69
April	82.51	94.75	88.85	65.77	86.68	288.40
May	83.81	89.53	81.86	61.11	89.74	275.64
June	75.46	96.61	81.48	52.98	100.33	323.91
July	78.95	104.65	71.92	52.16	115.35	319.00
August	83.97	107.83	72.67	50.34	130.99	321.59
September	92.03	104.81	65.79	49.42	150.03	319.22
October	93.99	100.89	64.80	51.00	161.63	330.97
November	94.80	97.90	66.27	55.71	215.01	308.20
December	94.04	92.51	66.30	59.65	159.79	281.48

in USD/ton

Source: Ministry of Energy and Mineral Resources

* The HBA is a monthly average price based 25% each on Platts Kalimantan 5,900 kcal/kg GAR assessments, Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR), Newcastle Export Index (6,322 kcal/kg GAR), and globalCOAL Newcastle (6,000 kcal/kg NAR).

The HBA price for thermal coal is the basis for determining the prices of 77 Indonesian coal products and calculating the amount of royalty producers have to pay for each metric ton of coal sold. It is based on 6,322 kcal/kg GAR coal with 8% total moisture content, 15% ash as received, and 0.8% Sulfur as received.

Indonesian Government's Benchmark Thermal Coal Price (HBA) for 2022

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