Indonesia's benchmark thermal coal price (harga batubara acuan, HBA), the monthly reference price that is set by the Ministry of Energy and Mineral Resources, rose 2.29 percent (m/m) to USD $53 per metric ton (FOB) in July 2016. The Energy Ministry stated that the higher coal price is supported by the recovery in crude oil prices in May and the start of June, as well as a (temporary) rise in coal demand from India and China. However, compared to one year ago, the coal price is still down by more than 10 percent (y/y).

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The Indonesian Coal Mining Association (APBI) expects the coal price to remain stable around USD $50 per ton in the remainder of 2016. Indonesia's benchmark thermal coal price (harga batubara acuan, abbreviated HBA), which is set (on a monthly basis) by the Energy and Mineral Resources Ministry, rose 1.4 percent (m/m) to USD $52.32 per ton in April 2016. Since February the HBA has been climbing in three consecutive months. The last time Indonesia's benchmark coal price recorded a three-month gaining streak was in the October-December 2013 period.

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