INDONESIA'S COAL PRICE DOWN
PLATTS - 05 Aug 2020 - Indonesia's Ministry of Energy and Mineral Resources set its August thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $50.34/mt, down 3.5% on month and 30.7% on the year.
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 coronavirus pandemic has reduced some imported coal demand, while stockpiles…
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