HBA (Harga Batubara Acuan) is at halt after continuous up for 5 Months. Index has be settled at 84.49 for March 2021, up by 26% on YoY basis & Down by 4% on MoM.
The HBA continued to weaken from Mar 2020 to Sep 2020. After falling at Historical Low in Sep to $49.42/MT, the HBA again strengthened in last 5 months. And it touches 22 months high in Feb 2021.
As per data available with us, Sep 20 ($49.42/mt) price is lowest since Jan 09. Prior to this, in Feb 16 it hits 50.92/mt and highest we have seen in Feb 11 at 127.05/mt
HBA sets CY 2020 avg at $58.17 against $77.89 in CY 2019. HBA is being set by Indonesia’s Ministry of Energy and Mineral Resources as reference price of thermal #coal for Indonesian coal.
The HBA is a monthly average price based 25% each on Platts Kalimantan 5900 GAR assessments, Argus-ICI1 (6500 GAR), Newcastle Export Index (6322 GAR) and globalCOAL Newcastle (6000 NAR).
It is based on 6,322 GAR coal with 8% total moisture content, 15% ash as received and 0.8% sulphur as received. HBA is also applicable for royalty payment on Coal to Indonesian government.
Source: IMAN Resources