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Minerals and Coal Reference Price in August 2019

Energy and Mineral Resources Ministerial Decree has stipulated the August Minerals and Coal Reference Price (HMA & HBA). The coal reference price was set at USD 72.67/metric ton, rose 1 percent compared to last month (USD 71.92/MT). Reference prices for gold, copper, and nickel also increased. The price of gold last month was set at…

Energy and Mineral Resources Ministerial Decree has stipulated the August Minerals and Coal Reference Price (HMA & HBA). The coal reference price was set at USD 72.67/metric ton, rose 1 percent compared to last month (USD 71.92/MT).

Reference prices for gold, copper, and nickel also increased. The price of gold last month was set at USD 1,312.55/ounce, this month reaching USD 1,406.29/ounce. As for copper from USD 5,852/dmt rose to USD 5,937.45/dmt. While nickel from USD 11,874.77/dmt, now was set at USD 12,832.73/dmt.

This reference price refers to the international market index: Indonesia Coal Index(ICI), the New Castle Global Coal (GC), the New Castle Export Index (NEX), and Platt59 for coal; London Metal Exchange (LME), London Bullion Market Association (LBMA), Indonesian Commodity & Derivatives Exchange (ICDX), and Asian Metal for minerals.

source: jdih.minerba.esdm.go.id

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