Bloomberg News

Indonesia Raises Coal Price for First Time in Four Months

February 13, 2012

(Adds price tables.)

Feb. 13 (Bloomberg) -- Indonesia, the world’s largest exporter of power-station coal, raised the monthly benchmark price for sales in February by for the first time since October, 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 $111.58 a metric ton on a free- on-board basis at vessel, up 2 percent from $109.29 a ton in January, the Directorate General of Coal and Minerals at the ministry in Jakarta said today in a statement on its website.

Below is a list of price references and markers used to calculate prices for coal of similar quality from eight grades in Indonesia, Southeast Asia’s biggest economy, as compiled by the energy ministry. Grades are in kilocalories 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.

--Editor: Mike Anderson.

To contact the reporter on this story: Yoga Rusmana in Jakarta at yrusmana@bloomberg.net

To contact the editor responsible for this story: Mike Anderson at manderson34@bloomberg.net


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