Indonesia sets mostly higher coal benchmark prices for January 2025

The Indonesian Ministry of Energy and Mineral Resources has set mostly higher coal reference prices, known as the coal benchmark price (HBA), for January 2025.

On a monthly basis, the HBA for high-calorie coal with a calorific value of 6,322 kcal/kg GAR rose by 1.22 percent to 124.01 U.S. dollars per ton in January, compared to 122.51 dollars per ton in the previous month.

The HBA for coal with a calorific value of 5,300 kcal/kg increased by 0.59 percent to 83.95 dollars per ton, up from 81.59 dollars per ton in December 2024.

Similarly, the HBA for coal with a calorific value of 4,100 kcal/kg rose by 1.87 percent to 52.75 dollars per ton, compared to 51.78 dollars per ton last month.

However, the HBA for coal with a calorific value of 3,400 kcal/kg weakened by 1.64 percent, falling to 34.70 dollars per ton from the previous month's 35.28 dollars per ton.

Coal with the highest calorific value, namely 6,322 kcal/kg, is the reference selling price for the provision of electricity and fuel industry, except for the metal mineral processing and refining industry.