ASIATODAY.ID, JAKARTA – The Indonesian government has officially set the Coal Benchmark Price (HBA) for the first half of June 2025 at USD 100.97 per ton. This decision was issued by Minister of Energy and Mineral Resources Bahlil Lahadalia through Ministerial Decree No. 197.K/MB.01/MEM.B/2025.
The latest HBA represents a USD 9.41 decrease from the previous period’s price of USD 110.38 per ton. Year-on-year, the HBA has dropped significantly by USD 22.03 per ton (from USD 123 in June 2024), marking a 17.91% decline.
The declining trend in Indonesia’s June 2025 coal benchmark price is largely attributed to softening demand in international markets and increased global supply pressure.
The HBA serves as the reference for calculating the Coal Reference Price (Harga Patokan Batubara/HPB) for high-calorific-value coal exceeding 6,000 kcal/kg GAR, applicable from June 1 to June 14, 2025.
Four Categories of HBA Based on Calorific Value
In accordance with Ministerial Decree No. 72/2025 on Pricing Guidelines for Mineral and Coal Commodities, the HBA is divided into four categories:
1. HBA (6,322 GAR): USD 100.97 per ton (down 8.53% from late May 2025)
2. HBA I (5,300 GAR): USD 77.59 per ton (up 1.27%)
3. HBA II (4,100 GAR): USD 50.08 per ton (down 0.99%)
4. HBA III (3,400 GAR): USD 35.47 per ton
HBA values are calculated using a volume-weighted average of coal sales transactions reported in the e-PNBP Minerba application. These transactions must fall within the 6,100–6,500 kcal/kg GAR range and are based on shipments made from the second week of two months prior until the first week of the previous month.
Besides calorific value, other quality components such as moisture content, sulfur content, and ash content are also considered in determining the Coal Reference Price (HPB). This ensures fair pricing aligned with the actual quality of coal being traded.
The sharp drop in Indonesia’s HBA for June 2025 reflects the ongoing volatility of the global coal market. Industry players in mining and energy sectors should take proactive steps in adapting their commercial strategies to align with current market conditions. (AT Network)
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