Indonesia's Reference Coal Prices for Second Half of April Uniformly Increase!

Jakarta, CNBC Indonesia - The Ministry of Energy and Mineral Resources (ESDM) has officially set the Reference Coal Price (HBA) for coal sales in the second period of April 2026. This is stipulated in Ministerial Decree (Kepmen) ESDM No. 145 of 2026 on Reference Metal Mineral Prices and Reference Coal Prices for the Second Period of April 2026.

The regulation separates the HBA into at least four categories. Compared to the HBA for the first period of April 2026, all four coal categories have seen price increases in the second period of April 2026.

“Based on Ministerial Decree ESDM No. 145/2026, the Reference Coal Price (HBA) and Reference Mineral Price (HMA) have experienced varied movements,” stated the Directorate General of Minerals and Coal of the Ministry of ESDM in an Instagram post @ditjenminerba, quoted on Wednesday (15/4/2026).

Here is the list of HBA for the second period of April 2026:

First, the HBA equivalent to a calorific value of 6,322 kcal/kg GAR, Total Moisture 12.26%, Total Sulphur 0.66%, and Ash 7.94 is set at US$103.43 per tonne. This figure represents an increase from the HBA for the first period of April 2026, which was US$99.87 per tonne.

Second, for HBA I with an equivalent calorific value of 5,300 kcal/kg GAR, total moisture 21.32%, sulphur 0.75%, and ash 6.04%, the second period of April 2026 is set at US$77.71 per tonne. This is an increase compared to the price for the first period of April 2026, which was US$72.28 per tonne.

Third, for HBA II with an equivalent calorific value of 4,100 kcal/kg GAR, total moisture 35.73%, sulphur 0.23%, and ash 3.9%, the second period of April 2026 is US$52.84 per tonne. This is an increase from the HBA for the first period of April 2026, which was at US$49.99 per tonne.

Fourth, for HBA III with an equivalent calorific value of 3,400 kcal/kg GAR, total moisture 44.30%, sulphur 0.24%, and ash 3.88%, the second period of April 2026 is set at US$38.30 per tonne. This is an increase compared to the first period of April 2026, which was at US$35.23 per tonne.