Argus/Coalindo
Indonesian Coal Index Report
Weekly average ICI* prices
Issue 21-2 | Friday 15 January 2021
Indonesian Coal Indices incorporating assessments by Argus Media and PT Coalindo Energy**
Grade (kcal) Price $/t
ICI 1 (Indonesian 6,500 GAR / 6,200 NAR) 88.34
ICI 2 (Indonesian 5,800 GAR / 5,500 NAR) 82.95
ICI 3 (Indonesian 5,000 GAR / 4,600 NAR) 72.37
ICI 4 (Indonesian 4,200 GAR / 3,800 NAR) 47.78
ICI 5 (Indonesian 3,400 GAR / 3,000 NAR) 26.55
Monthly ICI averages $/t
Oct Nov Dec
ICI 1 57.09 59.75 76.16
ICI 2 47.94 51.16 64.28
ICI 3 40.29 42.54 57.51
ICI 4 28.11 29.88 38.87
ICI 5 19.04 19.38 22.68
ICI 2 differential to Argus fob RB 5,500/Newc 5,500 $/t Argus/Coalindo ICI 1 $/t
differential to Argus fob Richards Bay 5,500 90
differential to Argus fob Newcastle 5,500
10 80
0
70
-10
60
-20
-30 50
4 Sep 20 16 Oct 20 27 Nov 20 8 Jan 21 24 Jan 20 22 May 20 18 Sep 20 15 Jan 21
Specifications fob Kalimantan, per tonne
Timing Sulphur Ash TM Size
ICI 1 in 60 days up to 1% up to 12% up to 12% Panamax
ICI 2 in 60 days up to 0.8% up to 10% up to 18% Panamax
ICI 3 in 60 days up to 0.6% up to 8% up to 30% Panamax
ICI 4 in 60 days up to 0.4% up to 6% up to 40% Geared supramax
ICI 5 in 60 days up to 0.2% up to 4% up to 50% Geared supramax
Additional information about the underlying assessments used to produce the ICI can * ICI is a trademark of Argus Media group and PT Coalindo Energy.
be obtained from the publishers.
Reproduction, scanning into an electronic retrieval system or copying to a database is
Argus Media (London)............................... +44 20 7780 4200 strictly prohibited without the written permission of the publisher.
Argus Media (Singapore)........................... +65 6496 9966 Published weekly. Supplied under licence.
PT Coalindo Energy................................... + 62 21 3001 2490
Copyright © Argus Media group
Licensed to: Lukman. Jafar, PT Kolindo Bina Nusantara
Argus/Coalindo Indonesian Coal Index Report Issue 21-2 | Friday 15 January 2021
Argus/Coalindo ICI 2 $/t Argus/Coalindo ICI 3 $/t
90 80
80 70
70 60
60 50
50 40
40 30
24 Jan 20 22 May 20 18 Sep 20 15 Jan 21 24 Jan 20 22 May 20 18 Sep 20 15 Jan 21
Argus/Coalindo ICI 4 $/t Argus/Coalindo ICI 5 $/t
50 30
40 25
30 20
20 15
24 Jan 20 22 May 20 18 Sep 20 15 Jan 21 24 Jan 20 22 May 20 18 Sep 20 15 Jan 21
Methodologies
For information on the methodologies relevant to the Indonesian Coal Indices, please see the Argus/CoalIndo Indonesian Coal Index Report methodology.
Argus successfully completes annual Iosco assurance review
Argus has completed the ninth external assurance review of its price benchmarks covering crude oil, products, LPG,
petrochemicals, biofuels, thermal coal, coking coal, iron ore, steel, natural gas and biomass benchmarks. The review was
carried out by professional services firm PwC. Annual independent, external reviews of oil benchmarks are required by
international regulatory group Iosco’s Principles for Oil Price Reporting Agencies, and Iosco encourages extension of the
reviews to non-oil benchmarks. For more information and to download the review visit our website https://www.argus-
media.com/en/about-us/governance-compliance
Argus/Coalindo Indonesian Coal Index Report is published by Argus Media group
ISSN: 2049-8179
For sales and supply of this report and data feeds contact: Reproduction, scanning into an electronic retrieval system or
Argus London sales (Europe, Middle East, Africa) +44 20 7780 4200 copying to a database is strictly prohibited without the written
Argus Singapore sales (Asia) +65 6496 9966 permission of the publisher.
Argus Houston sales (Americas) +1 713 968 0000 Published weekly. Supplied under licence.
email: [email protected] or visit the website www.argusmedia.com Copyright © 2021 Argus Media group.
Copyright © Argus Media group
Licensed to: Lukman. Jafar, PT Kolindo Bina Nusantara
Issue Ref: 448734
