Benchmark coal price in May fell to U.S. $ 117.61 per ton

Jakarta-Directorate General of Mineral and Coal (Ditjen Minerba) The Ministry of Energy and Mineral Resources(ESDM) Coal Price Reference set (HBA) May 2011 decreased to U.S. $ 117.61 per ton. This price fell U.S. $ 4.41 per ton from U.S. $ 122.02 per ton in April 2011.

According to yesterday's release of the Ministry of Energy and Mineral Resources (11 / 5), the reference price in May 2011 continued the downward trend which began in March 2011 which amounted to U.S. $ 122.43 per ton. HBA alias applies to the spot price sales contracts under 12 months for the period May 1, 2011 until May 31, 2011.

Downward trend is also indicated by the index of Newcastle Global Coal Index in January 2011 at U.S. $ 129.29 per ton, consistent down to become U.S. $ 122.26 per ton in April 2011