Coal Mining Indonesia News: Benchmark Price Rises in May 2017
Good news for Indonesian coal producers. Indonesia's benchmark coal price (in Indonesian: Harga Batubara Acuan, or HBA) continued to rise. The May 2017 HBA was set at USD $83.81 per metric ton, up 1.6 percent from the price that was set in the preceding month. The HBA, which is based on a selection of domestic and international coal indices, is set on a monthly basis by Indonesia's Energy and Mineral Resources Ministry.
Whether this benchmark coal price will continue to rise in the coming months is largely dependent on China's domestic coal policies.
Indonesian Government's Benchmark Thermal Coal Price (HBA):
| Month | 2012 | 2013 | 2014 | 2015 |
2016 | 2017 |
| January | 109.29 | 87.55 | 81.90 | 63.84 | 53.20 | 86.23 |
| February | 111.58 | 88.35 | 80.44 | 62.92 | 50.92 | 83.32 |
| March | 112.87 | 90.09 | 77.01 | 67.76 | 51.62 | 81.90 |
| April | 105.61 | 88.56 | 74.81 | 64.48 | 52.32 | 82.51 |
| May | 102.12 | 85.33 | 73.60 | 61.08 | 51.20 | 83.81 |
| June | 96.65 | 84.87 | 73.64 | 59.59 | 51.87 | |
| July | 87.56 | 81.69 | 72.45 | 59.16 | 53.00 | |
| August | 84.65 | 76.70 | 70.29 | 59.14 | 58.37 | |
| September | 86.21 | 76.89 | 69.69 | 58.21 | 63.93 | |
| October | 86.04 | 76.61 | 67.26 | 57.39 | 69.07 | |
| November | 81.44 | 78.13 | 65.70 | 54.43 | 84.89 | |
| December | 81.75 | 80.31 | 69.23 | 53.51 | 101.69 |
in USD/ton
Source: Ministry of Energy and Mineral Resources
Indonesian Production, Export, Consumption & Price of Coal:
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
| Production (in mln tons) |
217 | 240 | 254 | 275 | 353 | 412 | 474 | 458 | 461 |
| Export (in mln tons) |
163 | 191 | 198 | 210 | 287 | 345 | 402 | 382 | 366 |
| Domestic (in mln tons) |
61 | 49 | 56 | 65 | 66 | 67 | 72 | 76 | 87 |
| Price (HBA) (in USD/ton) |
n.a | n.a | 70.7 | 91.7 | 118.4 | 95.5 | 82.9 | 72.6 | 60.1 |
Sources: Indonesian Coal Mining Association (APBI) & Ministry of Energy and Mineral Resources