Indonesia Coal Index Release June 2008

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Indonesia Coal Index Release on June 2008

Indonesia Coal Index (ICI)-4, a price reference for 4.200 kcal, low calorie coal, plan to be launch on June 2008 with price range USD30-USD40 per ton.

Maydin Sipayung Managing Director PT Coalindo Energy, ICI management company, said the initial price will be referring to export price but not reflect the market price because sales volume still low.

Maydin said the price will be decide by 23 panel member which is mix of 9 representative from producer and consumer and other 5 person from trader company.

ICI-4 will be a price reference for coal industry trading transaction, especially for 4.200 kcal coal.

At the moment, there are ICI-1 for 6.500 kcal coal, ICI-2 for 5.800 kcal coal and ICI-3 for 5.000 kcal coal.