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Indonesia Coal Price Index (ICI) – Specification

FOB Kalimantan

The ICI Weekly Report is the dominant price reference of Indonesian coal, in markets domestically, as well as internationally under the brand “Argus / Coalindo ICI”. The five types of ICI assessments are as follows:

Grade (Kcal) Timing Sulphur Ash TM Size
6500 GAR (6200NAR) – ICI 1 in 60 days Up to 1% Up to 12% Up to 12% Panamax
5800 GAR (5500NAR) – ICI 2 in 60 days Up to 0.8% Up to 10% Up to 18% Panamax
5000 GAR (4600NAR) – ICI 3 in 60 days Up to 0.6% Up to 8% Up to 30% Panamax
4200 GAR (3800NAR) – ICI 4 in 60 days Up to 0.4% Up to 6% Up to 40% Geared Vessel
above 40.000t
3400 GAR (3000NAR) – ICI 5 in 60 days Up to 0.2% Up to 4% Up to 50% Geared Vessel
above 40.000t