TEMPO.CO, Jakarta – Indonesia's Ministry of Energy and Mineral Resources (ESDM) has raised the country's benchmark coal prices (HBA) across all calorific grades for the first half of July 2026, according to a ministerial decree issued on Monday.
The new benchmark prices were set under Ministerial Decree No. 274.K/MB.01/MEM.B/2026 on Reference Metal Mineral Prices and Benchmark Coal Prices for the first period of July 2026.
The benchmark price for coal with a calorific value of 6,322 kcal/kg GAR increased to US$126.58 per metric ton, up from US$123.91 during the second pricing period of June.
Coal with a calorific value of 5,300 kcal/kg GAR rose to US$90.94 per ton, compared with US$88.40 previously.
Meanwhile, the benchmark price for 4,100 kcal/kg GAR coal climbed to US$62.59 per ton from US$60.19, while 3,400 kcal/kg GAR coal increased to US$41.91 per ton from US$41.19. Although the increase was the smallest in absolute terms, the government also raised the benchmark price for this lower-calorie coal grade.
Under Ministerial Decree No. 80.K/MB.01/MEM.B/2025, the government updates both the Benchmark Coal Price (HBA) and the Reference Mineral Price (HMA) twice each month, on the 1st and 15th.
Indonesia's Benchmark Coal Prices for the First Half of July 2026
| 6,322 kcal/kg | US$126.58/ton | US$123.91/ton |
| 5,300 kcal/kg | US$90.94/ton | US$88.40/ton |
| 4,100 kcal/kg | US$62.59/ton | US$60.19/ton |
| 3,400 kcal/kg | US$41.91/ton | US$41.19/ton |
In addition to benchmark coal prices, the ministerial decree also updated Indonesia's Reference Mineral Prices (HMA), which showed mixed movements during the first pricing period of July.
Benchmark nickel prices fell to US$17,593.33 per dry metric ton (dmt) from US$18,642.33 per dmt.
Cobalt edged slightly higher to US$55,854.00 per dmt, compared with US$55,852.33 per dmt in the previous period.
Meanwhile, lead declined to US$1,949.87 per dmt from US$2,001.90 per dmt, while zinc slipped to US$3,534.60 per dmt from US$3,550.10 per dmt.
The benchmark price of copper also eased to US$13,541.80 per dmt from US$13,648.27 per dmt, while aluminum posted the sharpest decline, falling to US$3,431.57 per dmt from US$3,729.10 per dmt.
Read: Indonesia Needs More Foreign Capital For Rupiah, Economist Says
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