Key Takeaways
- • Indonesia raised most of its benchmark coal prices for the second half of the month, according to an Energy Ministry social media post cited by TradingView's headline coverage.
- • The headline and cluster coverage indicate broad-based gains across grades, with the Indonesian Coal Index strengthening across all grades in early October 2026.
- • Government benchmark prices (HBA) are a reference point for Indonesian coal pricing, and a separate report indicates the government has scrapped the requirement to use them as floor prices in minerals and coal sales.
- • Some grades moved in different directions in early October, with top-grade coal reportedly dipping below $101 while lower grades slid further.
Summary
Related reporting shows the Indonesian Coal Index strengthened across all grades on 9 October 2026, with ICI 5 (GAR 3400) leading the gains. Coverage of the first-half October benchmarks cited a 4,100 kcal/kg benchmark at $43.12 per ton, up $0.54 from the second half of September, and a 5,300 kcal/kg benchmark at $90.60 per metric ton. Another report described top-grade coal dipping below $101 while lower grades slid further in early October, indicating the moves were not uniform across grades.
Separately, Indonesia has reportedly scrapped a requirement to use government benchmark prices as the floor price in minerals and coal sales, according to a mining ministry report. A think tank has also argued that every 10 percent increase in the HBA raises Indonesia's actual export prices to China and India by only 5.9 percent, urging export reform.
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