An Overview of Coal Price Indonesia

Coal price Indonesia is a price that has been carefully set up by the government. As one of the important commodities, coal prices should be arranged accordingly so that the price is fair enough for anyone.

That is why the government making one reference for all coal traders in the country. So that the price can be controlled and benefit many parts.

For further information about this price, the following information will give better explain.

Reference for Coal Price Indonesia

Many newcomers in the coal business will not aware of the reference for coal price Indonesia at first. While actually this price has been set up from the beginning by the government to arrange healthy trading for coal.

Furthermore, there is a specific reference to use by the most trader in the country, it is usually referring to Indonesia Coal Price Index.

For those who are not familiar with coal price Indonesia price and index, it will be good to get an overview related to this information.

Currently, there are five indexes that can be referred to in Indonesia for the coal trade. Therefore, each seller and buyer needs to pay attention to this index.

The index also depends on the content of the coal commodity, as long as the content is good and suitable, the price can be set quite higher.

On the other way, any coal with low content and quality will have a lower price in the market.

Currently, the five coal price Indonesia index are as follow:

ICI 1 is $168.07 applicable for GAR 6500, NAR 6200, sulfur up to 1%, ash up to 12%, and TM up to 12%
ICI 2 is $136.27 applicable for GAR 5800, NAR 5500, sulfur up to 0.8%, ash up to 10%, and TM up to 18%
ICI 3 is $111.30 applicable for GAR 5000, NAR 4600, sulfur up to 0.6%, ash up to 8%, and TM up to 30%
ICI 4 is $71.97 applicable for GAR 4200, NAR 3800, sulfur up to 0.4%, ash up to 6%, and TM up to 40%
ICI 5 is $47.55 applicable for GAR 6340, NAR 3000, sulfur up to 0.2%, ash up to 4%, and TM up to 50%

Be noted that this index can be changed according to the government’s decision and obligation. Therefore, it is necessary that all coal traders need to pay attention to this index. A further overview of how important is this index can be read in the following paragraphs.

The Importance of Checking the Coal Price Index

There are some important benefits in watching the coal price Indonesia index every day. Mainly for the coal trader in the country, it is necessary to get information about the price.

With this index, the coal trader will get a suitable price for their commodity. Since each coal will have its specific characteristic, then the price can be different.

With a good reference applied to the price, it will make sure that the trader will sell their commodity according to the quality of their coal.

On the other way, it also benefits the buyer not to accept any coal of low quality at a high price. Through this index, it can help to educate the buyer about the price range of each type of coal. So that whether the trader and the buyer will get similar advantages from the coal trading.

Another benefit from the price index is to avoid any uncertain price of coal commodity. So that in case the coal trader will sell their coal inside or outside the country, it will get a similar price.

This leads to a similar advantage whether they sell locally or not. Without a sufficient index, the coal price will be too much varying between one type to another type.

But with this index, the trader and the buyer will get the same perspective on how much money to be paid to get a certain kind of coal.

Now, the trader will not experience issues in defining the price of their coal. Furthermore, the buyer will also get a suitable quality for the price they’ve paid. So that it will give an equal benefit.

Through the information above, it is clear that the coal price Indonesia is always controlled properly by the Indonesian government.

So that all the trades can be performed according to the government regulation. Furthermore, this is to avoid any risks in terms of high price fluctuation on coal.

However, any trader needs to define the price of their coal shall perform an analysis for the quality of their coal.

To deal with this matter, PT Tribhakti Inspektama is one of the companies that will be able to help with this. Through this company, any trader can define the content of their coal perfectly.

So that they can estimate the price range of their coal and sell the commodity at a suitable price.

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