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Argus/Coalindo Indonesian Coal Index Report

The Argus/Coalindo Indonesian Coal Index Report produces the Indonesian Coal Index (ICI 1, 2, 3, 4 and 5), a series of five Indonesian price assessments that provide direct, independent and reliable valuations of Indonesian coal.

The ICI is used as the leading coal price reference by buyers and sellers of Indonesian coal for spot trade, tax calculations, financial and investment analysis, strategic reporting and production planning. The ICI is also used in the computation of the Indonesian domestic coal price and serves as a planning tool for producing companies required to fulfil domestic sales quotas.

The ICI is jointly produced by Argus and PT Coalindo Energy and is only available in the Argus/Coalindo Indonesian Coal Index Report.

The basket pricing methodology used to derive the weekly ICI involves regular and independent participation from buyers, sellers and intermediaries. This leads to a balanced and consistent assessment of the market.

The report provides weekly average Indonesian coal prices as well as monthly averages for the previous three months. The figures supplied are for coal grades 6,500 (ICI 1), 5,800 (ICI 2), 5,000 (ICI 3), 4,200 (ICI 4) and 3,400 (ICI 5) kcal/kg GAR.


  • Five weekly indices for Indonesian coal grades – 6.500, 5.800, 5.000, 4.200, and 3.400 Kcal/kg GAR.
  • Monthly ICI averages
  • Graphs on Competitive trends (Argus fob Richards Bay and fob Newcastle)
  • Price Assessment basedon Internationally traded spot physical markets
  • Independent survey and panel methodology
  • Used as reference in International and Domestic contracts, royalty calculation, productions planning and corporate finance.
  • Time-series data available from year 2006

The Argus/Coalindo Indonesian Coal Index Report is an essential source for anyone who is involved in the Asian coal market. Our subscribers include coal traders, procurement managers, coal producers, market analysts, corporate financiers, power generators, cement and pig iron plants, shipping companies, government authorities, capital investment firms and financial institutions.