Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.



In Japan? You can go to Argus Japan


Indonesian Coal Index / ICI (Coal)

The ICI (Indonesian Coal Index) reflects the spot price of five key grades of Indonesian coal — 6,500 (ICI 1), 5,800 (ICI 2), 5,000 (ICI 3), 4,200 (ICI 4) and 3,400 (ICI 5) kcal/kg GAR. 

It is published weekly and is the average of the Argus fob Indonesia price as reported in the Argus Coal Daily International report and the PT Coalindo Energy weekly panel system. The full database of time series data is available from 2006.


Buyers, sellers and financial institutions use the ICI price as an effective tool for royalty price calculations, price analysis, production planning, corporate finance, international contracts, the Indonesian Coal Price Reference and Domestic Market Obligation quotas. Referencing and valuing Indonesian coal becomes representative, direct and practical.

Key Features

  • Weekly average Indonesian coal spot prices
  • Monthly ICI averages
  • Graphs illustrating competitive trends versus Argus fob Richards Bay and fob Newcastle

Download the Argus Coal Daily International methodology

More Information

Please enter your details below:

I agree to the Argus privacy policy

Low CV Thermal Coal Markets Study

This exclusive study provides a detailed assessment of the global low calorific value (low CV) coal market with a specific focus on Asia-Pacific, where most internationally traded supplies originate.