Bloomberg News

Indonesia Cuts January Coal Price to the Lowest in 13 Months

January 08, 2012

(Updates with table.)

Jan. 3 (Bloomberg) -- Indonesia, the world’s largest exporter of power-station coal, cut the benchmark price for sales in January by 3 percent to the lowest in 13 months, according to data released by the energy ministry.

The cost of coal with a gross energy value of 6,322 kilo- calories per kilogram was set at $109.29 a ton on free-on-board basis at vessel, compared with $112.67 a ton in December, the Directorate General of Coal and Minerals at the ministry said in its website today in Jakarta.

Below is a list of price references and markers used to calculate prices for coal of similar quality from eight leading grades in Indonesia, Southeast Asia’s biggest economy, as compiled by the energy ministry. Grades are in kilo-calories a kilogram, while prices are in U.S. dollars a ton.

Note: Percentage changes are calculated by Bloomberg News. The price reference is an average of the Indonesia Coal Index, Platts-1, Newcastle Export Index and the globalCOAL NEWC Index from the previous month. The average of the price reference for the last three months is used to set prices for a one-year contract for the following year. For sales in barges, the reference price excludes the cost of barging and transshipment into the vessel.

--Editors: Christian Schmollinger, Mike Anderson

To contact the reporter on this story: Fitri Wulandari in Jakarta at fwulandari@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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