Indonesia has raised its government-calculated coal reference prices (HBA) across all grades for the second fortnight of April from the previous fortnight.
The HBA price for high-calorific value (CV) GAR 6,322 kcal/kg coal was set at $103.43/t, up by 3.5pc from $99.87/t in the first half of April.
The HBA I, which serves as the price for mid-CV GAR 5,300 kcal/kg coal, was set at $77.71/t, up by 7.5pc from $72.28/t previously.
The HBA II, which is the price for low-CV GAR 4,100 kcal/kg coal, was set at $52.84/t, up by 5.7pc from $49.99/t in the first half of April.
The HBA III, which covers ultra-low CV GAR 3,400 kcal/kg coal, was up by 8.7pc at $38.30/t from $35.23/t previously.
HBA prices are primarily used to calculate royalty payments made by coal producers to the government.
Argus last assessed the weekly price of Indonesian GAR 6,500 kcal/kg coal at $115.93/t fob Kalimantan on 10 April. Mid-CV GAR 5,000 kcal/kg coal was assessed at $75.36/t fob Kalimantan on 10 April, while GAR 4,200 kcal/kg prices for geared Supramaxes were assessed at $59.31/t fob Kalimantan. GAR 3,400 kcal/kg coal was marked at $35.95/t fob Kalimantan on 10 April.
