Indonesian coal has become a significant commodity in the global energy market, and understanding its pricing is essential for various industries. This article will explore the key factors that influence the Indonesian coal price per ton, current market trends, and projections.
Price of Indonesian Coal
Indonesian coal plays a vital role in the global energy market, and its pricing is crucial for many industries. This blog will simplify and explain the key factors that affect the Indonesian coal price per ton and provide insights into current trends.
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Understanding Price of Indonesian Coal
Indonesia is a major player in the global coal market, and the price of Indonesian coal per ton can change due to various factors. These factors include global demand, supply levels, economic conditions, and even geopolitical events.
The Indonesian Ministry of Energy and Mineral Resources just issued the Indonesian thermal coal reference price (HBA) for February 2024. Prices for various kinds of coal were varied compared to the previous month.
According to the Indonesian Ministry of Energy and Mines, exact coal grades and reference prices for all kinds of coal in February are as follows:
HBA: High 6322 kcal (12.26% total water, 0.66% total sulfur, 7.94% ash) thermal coal reference price is 124.95 US dollars/ton, down 3.9 US dollars/ton from the previous month, representing a 3% decline, as the calorific value is 6100-6500.
HBA I: High 5,300 kcal (full water 21.32%, total sulfur 0.75%, ash 6.04%) thermal coal reference price is 87.65 US dollars/ton, an increase of 0.29 US dollars/ton from the previous month, or 0.3%, as the calorific value is 5100- Reference price of 5,500 kcal thermal coal.
HBA II: The reference price of high-level 4100 kcal (full water 35.73%, total sulfur 0.23%, ash 3.90%) thermal coal is US$ 58.86 per ton, which is US$0.7/ton lower than the previous month, a 1.2% decline, as the calorific value is 3900-4300 kcal thermal coal reference price.
HBA III: High 3400 kcal (full water 44.3%, total sulfur 0.24%, ash 3.88%) thermal coal reference price is 37.54 US dollars per ton, up 0.45 US dollars per ton from the previous month, or a 1.2% rise, as the calorific value is 3200 -3600 kcal thermal coal reference price.
Previously, the Indonesian Ministry of Energy and Mines separated thermal coal reference prices into three levels: 6200-6400 kcal, 5200-6000 kcal, and 4100-4300 kcal, effective March 2023.
In the most recent reference price adjustment in August of that year, the grade range of coal calorific value was refined from three to four levels, and the reference price of ultra-low-calorie coal grades with a calorific value of 3200-3600 kcal was added. Adjusting the thermal coal reference price classification again gives miners additional leeway to adjust to the rise in production costs caused by the mining rights tax hike.
The Indonesian Ministry of Energy and Mines reported that the most recent adjusted reference price formula is based on prices from the fourth week two months ago to the first week of the previous month (30%) and the second and third weeks of the previous month (70%).
Factors Affecting Indonesian Coal Prices
- Global Demand: Countries like China, India, and Japan significantly influence coal prices when their demand increases.
- Supply: Changes in coal production in Indonesia or other major coal-producing regions can affect the supply and, therefore, the price.
- Economic Conditions: Economic ups and downs can impact the global demand for coal, leading to price fluctuations.
- Geopolitical Events: Political instability, trade disputes, or natural disasters can disrupt coal supply chains and drive prices up or down.
Current Indonesian Coal Price Trends
To find the most accurate and current information on the price of Indonesian coal, you can refer to:
- Commodity Market Websites: Sites like Agromer, Bloomberg, Reuters, and Platts offer real-time coal price data.
- Industry Reports: Reports from organizations like the International Energy Agency (IEA) provide market insights.
- Coal Trading Platforms: These platforms give up-to-date information on coal prices.
Remember, coal prices can change frequently, so staying updated is crucial for making informed decisions.
The five prices in the ICI coal price assessments are weekly assessments for the principal Indonesian thermal coal grades supplied FOB Indonesia. These price evaluations give pricing transparency for a wide range of grades throughout Indonesia.
The ICI coal price evaluations support much of Indonesia’s coal market and serve as the benchmark for Indonesian royalty and government payment estimates. Price evaluations are used in market analysis, production planning, and corporate finance, among other purposes.
Indonesia Coal Price Index – ICI Price
| ICI Type | GAR (Gross As Received) | NAR (Net As Received) | Sulfur | Ash | TM (Total Moisture) |
|---|---|---|---|---|---|
| ICI 1 | GAR 6500 | NAR 6200 | Up to 1% | Up to 12% | Up to 12% |
| ICI 2 | GAR 5800 | NAR 5500 | Up to 0.8% | Up to 10% | Up to 18% |
| ICI 3 | GAR 5000 | NAR 4600 | Up to 0.6% | Up to 8% | Up to 30% |
| ICI 4 | GAR 4200 | NAR 3800 | Up to 0.4% | Up to 6% | Up to 40% |
| ICI 5 | GAR 3400 | NAR 3000 | Up to 0.2% | Up to 4% | Up to 50% |
Price of Indonesian Coal AUGUST 2024
Here is the information ICI Price of Indonesian coal of August month 2024 formatted into a table:
| ICI Type (Indonesian GAR / NAR) | FOB Price | 08-Aug (USD/T) | 16-Aug (USD/T) |
|---|---|---|---|
| ICI 1 (6,500 GAR / 6,200 NAR) | USD/T | 126.69 | 127.72 |
| ICI 2 (5,800 GAR / 5,500 NAR) | USD/T | 92.98 | 92.87 |
| ICI 3 (5,000 GAR / 4,600 NAR) | USD/T | 72.05 | 72.24 |
| ICI 4 (4,200 GAR / 3,800 NAR) | USD/T | 51.83 | 51.18 |
| ICI 5 (3,400 GAR / 3,000 NAR) | USD/T | 32.13 | 31.78 |
Price of Indonesian Coal JULY 2024
Here is the information ICI Price of Indonesian coal of July month 2024 formatted into a table:
| ICI Type (Indonesian GAR / NAR) | FOB Price | 19-Jul (USD/T) | 26-Jul (USD/T) |
|---|---|---|---|
| ICI 1 (6,500 GAR / 6,200 NAR) | USD/T | 123.18 | 123.59 |
| ICI 2 (5,800 GAR / 5,500 NAR) | USD/T | 92.22 | 92.45 |
| ICI 3 (5,000 GAR / 4,600 NAR) | USD/T | 71.64 | 71.70 |
| ICI 4 (4,200 GAR / 3,800 NAR) | USD/T | 52.72 | 52.44 |
| ICI 5 (3,400 GAR / 3,000 NAR) | USD/T | 32.83 | 32.59 |
Price of Indonesian Coal JUNE 2024
Here is the information ICI Price of Indonesian coal of June month 2024 formatted into a table:
| ICI Type (Indonesian GAR / NAR) | FOB Price | 21-Jun (USD/T) | 28-Jun (USD/T) |
|---|---|---|---|
| ICI 1 (6,500 GAR / 6,200 NAR) | USD/T | 125.62 | 124.39 |
| ICI 2 (5,800 GAR / 5,500 NAR) | USD/T | 94.66 | 93.69 |
| ICI 3 (5,000 GAR / 4,600 NAR) | USD/T | 72.49 | 72.00 |
| ICI 4 (4,200 GAR / 3,800 NAR) | USD/T | 54.27 | 53.58 |
| ICI 5 (3,400 GAR / 3,000 NAR) | USD/T | 34.03 | 33.57 |
Indonesian Coal Price Today
To check the current price of Indonesian coal per ton, it’s important to refer to real-time market data or industry reports. Indonesian coal prices are influenced by several factors, including global demand, supply constraints, economic conditions, and geopolitical events.
Every single day the coal price varies as per market conditions. Want to know the current indonesian coal price today then just give a call or send an email.
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The Impact of Indonesian Coal Prices on the Global Market
Indonesia’s coal exports are crucial to the global energy market. Changes in the cost of Indonesian coal can affect countries that rely on coal for energy production and have wider implications for the global energy market.
- Power Generation Costs: Higher coal prices can lead to increased electricity costs in coal-dependent countries.
- Competition with Other Fuels: Fluctuating coal prices can make coal more or less competitive compared to other fuels like natural gas or renewable energy.
- Geopolitical Implications: Restricting coal exports or imposing tariffs can cause tensions between Indonesia and importing countries, potentially disrupting global energy supply chains.
Future Projections for Indonesian Coal
The price of Indonesian coal is expected to remain unstable, influenced by global market dynamics and environmental policies. As countries shift toward renewable energy, the demand for coal may decrease, but Indonesia can still play a role by adopting sustainable mining practices and investing in renewable energy.
Staying Updated on Cost of Indonesian Coal
For industries that rely on coal, monitoring the current Indonesian coal price is essential. Regular updates and market analysis help businesses make informed purchasing decisions and manage the impact of price fluctuations on their operations.
This blog provides a simplified overview of the price of Indonesian coal per ton and highlights the importance of staying informed about market trends.
How to Stay Updated:
- Commodity Market Websites: Agromer, Bloomberg, Reuters, and Platts offer real-time updates on commodity prices, including coal.
- Coal Industry Reports: Regular reports from organizations like the International Energy Agency (IEA) provide detailed insights.
- Coal Trading Platforms: Online trading platforms may offer live updates on the current market price of Indonesian coal.
Conclusion:
The price of Indonesian coal can vary daily based on a range of factors. For businesses relying on coal, it’s crucial to monitor these prices closely to make informed decisions.
Feel free to ask any questions concerning Indonesian coal. You can contact us to get the most accurate and up-to-date information
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