Argus/Coalindo Indonesian Coal Index Report

The report covers five Indonesian thermal coal grades fob Kalimantan: 

• ICI 1: 6,500 kcal/kg GAR (6,200 NAR). 
• ICI 2: 5,800 kcal/kg GAR (5,500 NAR). 
• ICI 3: 5,000 kcal/kg GAR (4,600 NAR). 
• ICI 4^™: 4,200 kcal/kg GAR (3,800 NAR). 
• ICI 5: 3,400 kcal/kg GAR (3,000 NAR). 

Each grade is assessed with defined specifications for sulphur, ash, total moisture and vessel size. 

Each ICI index is the equal average of two independent assessments: 

• The Argus component, assessed on a fob Indonesia basis per the Argus Coal Daily International methodology. 
• The PT Coalindo Energy component, assessed using Coalindo's independent methodology. 

During periods when PT Coalindo Energy does not assess the market, the ICI index equals the Argus component. 

ICI assessments are used by: 

• Coal traders, to negotiate and settle physical spot trades. 
• Mining companies, to support financing and investment plans. 
• Power plants, cement producers and industrial facilities, to assess fuel cost exposure. 
• The Indonesian government, for tax calculations, domestic coal pricing and policy decisions. 

The report is available via the Argus Direct^® platform, which provides access to weekly price assessments, monthly averages, trend charts and downloadable PDF publications. Data feeds and API access are also available for system integration. 

The report includes reference charts tracking ICI 2 differentials against Argus fob Richards Bay and fob Newcastle 5,500 kcal assessments, enabling users to monitor Indonesian coal price spreads relative to South African and Australian export benchmarks.