Ministry of Energy and Mineral Resources (ESDM) establishes Coal Price Reference (HBA) for direct sales (spot) which went into effect on July 1, 2016 until July 31, 2016 at the handover point sales Free on Board on vessel (FOB vessel) is USD 53 per ton. The higher price of 2.29% compared to last June HBA that was at US $ 51.81 per ton.
Head of Public Communication Ministry of Energy and Mineral Resources Sujatmiko said the strengthening coal prices are influenced by the improvement in world oil prices. But he called the rise in coal prices is still tentative. "The price of oil as a primary energy source is in the upward trend," said Sujatmiko as quoted by Investor Daily on Monday (11/7) yesterday, in Jakarta.
Similar disclosed Deputy Executive Director of the Indonesian Coal Mining Association (ICMA) Hendra Sinadia. According to him, oil prices positive effect on coal prices. But on the other hand, the current price rise was also supported by demand from India and China.
"The possibility of an increase in demand from India. Then from China although not significant, but there is an increase, "said Hendra explained.
Hendra expect coal prices until the end of last year in the range of US $ 54 per ton. Because the condition over supplymasih happening in the international market even though some producers had reduced production levels. "The price increase is still limited because of over supply is still going on," he said.
Investor Daily also argues, coal prices in July have not exceeded the HBA in January 2016 ago that was at US $ 53.20 per ton. Since the beginning of the year it happens the coal price fluctuations. HBA February dropped to US $ 50.92 per ton.
Then rose slightly in March to the HBA at US $ 51.62 per ton. The strengthening trend continued into April which makes HBA was at US $ 52.32 per ton.
The trend of rising prices is influenced by the finalization of the coal supply contracts between Australia and Japan. But after a signed contract coal prices weakened again in May at the position of US $ 51.2 per ton.
Middle of this year, coal prices increased slightly at US $ 51.81 per ton. This is further influenced by the increase in the price index in Australia. Determination of the HBA formula is influenced by a number of indexes that Indonesian Coal Index (ICI), New Castle Export Index (NEX), New Castle Global Coal Index (GC) and Platts. Index each have the same portion of 25% in the determination of the HBA per month.
