Benchmark Coal Prices Rise Across the Board in Early July 2026, Surpass USD 126
Wed 01 Jul 2026, 09:55 AM
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Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia has set the Coal Benchmark Price (HBA) for the first period of July 2026. All benchmark coal prices increased compared with the second period of June 2026.
The HBA is stipulated in ESDM Ministerial Decree No. 274.K/MB.01/MEM.B/2026 on Benchmark Metal Mineral Prices and Benchmark Coal Prices for the First Period of July 2026.
In detail, the HBA for coal with a calorific value of 6,322 kcal/kg rose 2.15 percent to USD 126.58 per tonne from the benchmark price of USD 123.91 per tonne in the second period of June 2026.
Meanwhile, the HBA for coal with a calorific value of 5,300 kcal/kg was set at USD 90.94 per tonne, up 2.87 percent from USD 88.40 per tonne in the second period of June 2026.
Furthermore, the HBA for coal with a calorific value of 4,100 kcal/kg was set at USD 62.59 per tonne, up 3.99 percent from USD 60.19 per tonne in the second period of June 2026.
Meanwhile, the HBA for coal with a calorific value of 3,400 kcal/kg was set at USD 41.91 per tonne. The benchmark price for the lower-calorific coal increased 1.75 percent from USD 41.19 per tonne in the second period of June 2026.
The HBA calculation formula is stipulated under ESDM Ministerial Decree No. 72 of 2025 on Guidelines for Determining Benchmark Prices for the Sale of Metal Mineral and Coal Commodities.
Under the regulation, the HBA calculation formula is based on the actual coal selling prices reported by coal mining companies through the Minerba e-PNBP system on shipment dates from the second week of two months earlier through the first week of the preceding month.
Based on the HBA, the Coal Reference Price (HPB) is then calculated, taking into account coal quality, including calorific value, moisture content, sulphur content, and ash content.
The HBA for the first period of July 2026, applicable from July 1 to July 15, 2026, is as follows:
- HBA (6,322 GAR): USD 126.58 per tonne, up 2.15 percent from the second period of June 2026 HBA of USD 123.91 per tonne.
- HBA I (5,300 GAR): USD 90.94 per tonne, up 2.87 percent from the second period of June 2026 HBA of USD 88.40 per tonne.
- HBA II (4,100 GAR): USD 62.59 per tonne, up 3.99 percent from the second period of June 2026 HBA of USD 60.19 per tonne.
- HBA III (3,400 GAR): USD 41.91 per tonne, up 1.75 percent from the second period of June 2026 HBA of USD 41.19 per tonne.
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