Coal Price Reference US $ 104.65 per Ton in July


- Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan has established Ministerial Decree (Kepmen) ESDM Number 1892 K / 30 / MEM / 2018 on Metal Quarry Mineral Price and Coal Reference Price for July 2018.The decree sets the reference coal price (HBA) and the reference price for 20 metallic minerals (Mineral Reference Price / HMA).

"The decree governing HBA and HMA in July is out.This HBA and HMA will be used as the basis for calculating Coal and Mineral Reference prices this month. "explained Head of Communication, Public Information Service and Cooperation Bureau (Bureau of KLIK) Ministry of ESDM Agung Pribadi in its written statement, Jakarta, Friday (6/7/2018).
HBA July 2018 is set at US $ 104.65 / ton.This has increased from the previous month's level at US $ 96.61 / ton.

"The price of reference coal has increased from the previous month, up by US $ 8.04 from HBA June 2018 of US $ 96.61 / ton," Agung added.

Agung conveys, HBA July 2018 higher than the previous month one of them because the global energy market is relatively improved.In addition, coal prices in China also increased. "The other reason is that oil prices are rising, as well as the impact of rising demand for coal in China and Northern Europe," explained Agung.

HBA is the price obtained from the average Indonesia Coal Index (ICI ), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platss 5900 in the previous.The quality is equal to 6322 kcal calories per kg of GAR, Total Moisture 8%, Total Sulfur 0.8% and Ash 15%.

While HMA nickel commodity is set at US $ 15. 067.86 / (dmt), up from US $ 14. 102.75 / dmt from HMA June 2018.For cobalt commodities set at US $ 86. 321.43 / dmt, down from US $ 90.062.50 / dmt from HMA June 2018.The price of lead rose slightly from US $ 2.452.33 / dmt at HMA June 2018 to US $ 2. 372.19 / dmt.

The price of zinc rises from US $ 3. 098.30 / dmt in HMA June 2018 to US $ 3. 128.57 / dmt, while HMA aluminum decreased from US $ 2. 301.43 / dmt to US $ 2. 275.45 / dmt.For copper, HMA July 2018 is set at US $ 6.996.69 / dmt, up from US $ 6. 837.10 / dmt in HMA June 2018.
In addition to the above mineral commodities, a portion mineral commodities have risen in price and others have decreased, the list is as follows.

1.Gold as a follow-up mineral: US $ 1. 295.15 / ounce, down from US $ 1. 312.51 / dmt from HMA June 2018

2.Silver as a follow-up mineral: US $ 16.62 / ounce, up from US $ 16.53 / ounce from HMA June 2018

3.Ingot tin Pb 300: according to price of lead ingot published ICDX on sales day

4.Ingot tin Pb 200: according to price of lead ingot published ICDX on sales day

5.Ingot tin Pb 100: according to price of lead ingot published ICDX on sales day

6.Ingot lead Pb 050: according to price of lead ingot published ICDX on sales day

7.4NINE tin ingot: according to ICDX tin ingot price on sales day

8.Gold Metals: as per price of gold metal published London Bullion Market Association (LBMA) on sales day

9.Silver metal: as per silver metal price published London Bullion Market Association (LBMA) on sales day

10.Manganese: US $ 5.82 / dmt, down from US $ 6.89 / dmt from HMA June 2018

11.Laterite / Hematite / Magnetite Iron Ore: US $ 0.76 / dmt, down from US $ 0.78 / dmt from HMA June 2018

12.Chrome Ore: US $ 3.85 / dmt, down from US $ 4.08 / dmt from HMA June 2018

13.Ilmenit Concentrate: US $ 3.76 / dmt, down from US $ 4.16 / dmt from HMA June 2018

14.Titanium Concentrate: US $ 10.30 / dmt, down from US $ 10.61 / dmt from HBA June 2018

HMA is one of the variables in determining Metal Minimum Price (HPM) based on the formula set forth in Kepmen EMR Number 2946 K / 30 / MEM / 2017 concerning Formula For Pricing of Metal Minerals Standards.This HMA becomes one of the variables for determining HPM.Variable determination of other metal HPM is value / mineral content of metals, constants, and metals.

The amount of HMA is set by the ESDM Minister each month and refers to the publication of metal mineral prices on the world index, among others by London Metal Exchange, London Bullion Market Association, Asian Metal and Indonesia Commodity and Derivatives Exchange (ICDX).
Source : https://finance.detik.com/energi/d-4101152/harga-batu-bara-acuan-us-10465-per-ton-di-juli
LABEL : [coal price, ignasius jonan, esdm ministry]

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