This is the Reference Price List of Minerals Metals and Coal February 2018 Wednesday, February 7, 2018

  • 2018.02.07 Wednesday
  • 19:25

 

JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) has set the Reference Minerals Price (HMA) and Coal Reference Price (HBA) in February 2018 for 20 types of metal minerals as stated in EMR Ministry Decree No. 407 K / 32 / MEM / 2018. The decree signed by the Minister of Energy and Mineral Resources Ignasius Jonan on February 5, 2018 was prepared to implement the provisions of article 6 of the Ministerial Regulation No. 44 of 2017 on the Amendment of Ministerial Regulation No. 7 of 2017 on the Procedures of Selling Price of Metals and Coal Minerals Sales.

HMA is one of the variables in determining the mineral benchmark price (HPM) of metal based on the formula set forth in the Decree of ESDM No. 2946 K / 30 / MEM / 2017 concerning Formula For Determination of Metal Mineral Standard Price.

 

In article 6 of Ministerial Regulation No. 44 of 2017, this HMA becomes one of the variables to determine HPM. Other metal HPM determination variables are metal mineral values, constants, corrective factor, treatment cost, refining charges, and payable metal.

 

The quantity of HMA is set by the ESDM Minister each month and refers to the publication of the price of metallic minerals on the world index, among others by the London Metal Exchange, the London Bullion Market Association, Asian Metal and Indonesia Commodity and Derivatives Exchange (ICDX).

 

The following is the Mineral Reference Metals Price for February 2018:

1.Nickel USD 12,425.75 / dmt

2.Cobalt USD 76.075,00 / dmt

3. Lead USD 2.552.03 / dmt lead

4.Zinc USD 3,363,70 / dmt

5.Aluminum USD 2,194,93 / dmt

6. Copper USD 7,095.83 / dmt

7.Gold as minerals follow USD 1,309.96 / ounce

8.Silver as minerals follow USD 16,92 / ounce

9. Tin Ingot  Pb 300 according to price of lead ingot published ICDX on sale day

10. Tin Ingot  Pb 200 according to the price of lead ingot published ICDX on sale day

11. Tin Ingot  Pb 100 according to price of lead ingot published ICDX on sale day

12. Tin Ingot  Pb 050 according to price of lead ingot published ICDX on sale day

13. Tin Ingot  4NINE according to price of lead ingot published ICDX on sale day

14. Gold metals according to the price of gold metal at the London Bullion Market Association (LBMA) on the day of sale

15. Silver metals according the price of the silver metal at the London Bullion Market Association (LBMA) on the day of sale

16.Manganese USD 5.30 / dmt

17. Iron ore  laterite / hematite / magnetite USD 0.93 / dmt

18. Chrome Ore USD 3.46 / dmt

19. Ilmenites  concentrate USD 3.82 / dmt

20. Titanium Concentrate USD 10,59 / dmt

 

The amount of HMA is determined by the Minister of EMR every month. Meanwhile, Formula HPM Metals can be reviewed periodically every six months or at any time if required.

 

The HBA for February 2018 was set at USD 100.69 per ton, up $ 5.15 compared to January's HBA of 95.54. The rise in coal prices was triggered by high demand from China for the winter, as well as the delayed production and delivery of coal due to the weather in the country.

 

Strict supervision and restriction of production from the Indonesian government is also enough to affect the world's coal supply in addition to demand from Japan and Korea are also increasing this winter.

HBA is the price obtained from the average index of Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Global Coal Newcastle Index (GCNC), and Platt's 5900 in the previous month, with quality equal to 6322 kcal / kg GAR, total moisture 8%, total sulfur 0.8% and ash 15%.

 

It is important to note that the Ministry of Energy and Mineral Resources is currently facilitating the formulation of a new coal price formula for domestic needs (DMO), which involves PT PLN and the domestic coal industry.

 

With the new formula, it is expected that the electricity tariff will not change in the future, in order to maintain public purchasing power, inflation, and industrial competitiveness. The ESDM Ministry has previously confirmed that the electricity tariffs remain unchanged until end of March 2018. (KO)

 

 

 

 

 

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