Agung Pribadi, spokesman of Indonesia's Energy and Mineral Resources Ministry, said the higher coal price comes on the back of coal production restrictions in China as well as the impact of rising global crude oil prices.

After touching above USD $100 per metric ton in February and March 2018 the benchmark Indonesian coal price has now erased most of the gains in 2018. However, compared to one year ago (May 2017) the price is up 28.0 percent.

Indonesian Government's Benchmark Thermal Coal Price (HBA):

Month  2017  2018
January  86.23  95.54
February  83.32 100.69
March  81.90 101.86
April  82.51  94.75
May  83.81  89.53
June  75.46  96.61
July  78.95
August  83.97
September  92.03
October  93.99
November  94.84
December  94.04
Average  85.9

 

Month  2012  2013  2014  2015
 2016
January 109.29  87.55  81.90  63.84  53.20
February 111.58  88.35  80.44  62.92  50.92
March 112.87  90.09  77.01  67.76  51.62
April 105.61  88.56  74.81  64.48  52.32
May 102.12  85.33  73.60  61.08  51.20
June  96.65  84.87  73.64  59.59  51.87
July  87.56  81.69  72.45  59.16  53.00
August  84.65  76.70  70.29  59.14  58.37
September  86.21  76.89  69.69  58.21  63.93
October  86.04  76.61  67.26  57.39  69.07
November  81.44  78.13  65.70  54.43  84.89
December  81.75  80.31  69.23  53.51 101.69
Average  95.5  82.9  72.6  60.1  61.8

in USD/ton
Source: Ministry of Energy and Mineral Resources

Indonesian Production, Export, Consumption & Price of Coal:

  2014 2015 2016 2017 2018 2019
Production
(in million ton)
 458  461  456  461  485¹
Export
(in million ton)
 382  323  308  364  371¹
Domestic
(in million ton)
  76   76   91   97  121¹
Price (HBA)
(in USD/ton)
 72.6  60.1  61.8  85.9     -

 

  2008 2009 2010 2011 2012 2013
Production
(in million ton)
 240  254  275  353  412  474
Export
(in million ton)
 191  198  210  287  345  402
Domestic
(in million ton)
  49   56   65   66   67   72
Price (HBA)
(in USD/ton)
  n.a  70.7  91.7 118.4  95.5  82.9

¹ government target
Sources: Indonesian Coal Mining Association (APBI) & Ministry of Energy and Mineral Resources

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