Coal Price Plummeting Today? Check the February 2026 HBA Update, which reached Rp1.7 million!

Jakarta, Pintu News – Coal prices today continue to experience sharp fluctuations in line with the latest release of the Reference Coal Price (HBA) for the second period of February 2026 set by the government at $102.87 per ton. If converted to local currency, the value is equivalent to IDR 1,731,200 per ton (exchange rate of IDR 16,829), showing a slight downward trend compared to the first period earlier this month.

For investors and energy industry players, the price movement of this “black gold” is a vital indicator in mapping out business strategies amid plans to cut national production.

Dynamics of Reference Coal Price (HBA) February 2026

The decline in HBA in the second period of February 2026 to the level of $102.87 per ton reflects global market conditions that are experiencing supply and demand adjustments. The Ministry of Energy and Mineral Resources (ESDM) divides the HBA category based on calorific value, where the 6,322 GAR type is the main benchmark for exporters throughout Indonesia. This fluctuation is influenced by the dynamics in the Newcastle and Rotterdam markets, which often move in opposite directions due to differences in energy needs in the Asian and European regions.

Despite the correction in benchmark prices, the government remains optimistic that the value of the commodity will remain above the psychological level of $100 per ton throughout the first quarter. Strategic steps such as tightening the Work Plan and Budget (RKAB) are being taken to ensure that there is no oversupply in the international market that could drop prices further. Miners are now focusing more on operational efficiency to maintain profit margins amid slowly rising production and logistics costs.

Also Read: Gold Price in the Last 5 Years: Charts, Trends, & Analysis of 2021-2026 Movements

Coal vs Crypto Asset Investment Comparison

Amidst the uncertainty of physical commodity prices, many investors have begun to compare the stability of coal to the volatility of digital assets such as Bitcoin or Ethereum . While investing in cryptocurrencies offers the potential for explosive returns in a short period of time, coal remains the real backbone of the world’s energy security. While crypto instruments are all the rage among millennials, a stake in a major coal issuer still provides a much more measurable and consistent dividend for a long-term portfolio.

A diversification strategy between traditional energy assets and cryptocurrencies is highly recommended to weather the global inflation storm that is predicted to continue this year. By combining coal stocks as hedges and crypto assets as growth drivers, investors can mitigate the risk of loss more systematically. The “Dr. Coal” phenomenon that reflects the economic health of the global manufacturing industry remains a key reference point for professional investment managers in determining their capital allocation each season.

Production Cut Policy and Its Impact on Prices

Minister of Energy and Mineral Resources, Bahlil Lahadalia, recently confirmed the government’s plan to cut national coal production to only around 600 million tons by 2026. This drastic policy was taken as an effort to boost coal prices in the global market by limiting Indonesia’s export volume, which has dominated the world market. With reduced supply from one of the largest producers, it is expected that coal prices can skyrocket to a more favorable level for state revenues through PNBP.

The impact of this production cut policy is starting to be felt in the movement of the share prices of coal issuers on the Indonesia Stock Exchange (IDX), which is showing signs of strengthening (bullish). Market participants expect that the supply shortage will create a significant upward momentum in prices in the next few months, thus increasing the attractiveness of the mining sector. Investors are advised to keep an eye on the latest production quota releases as any changes in the figures will be immediately responded to by the market with high volatility.

Opportunities from Coal Stocks in 2026

Although the HBA price is consolidating, several coal issuers such as Adaro Energy (ADRO) and Bukit Asam (PTBA) are still projected to provide attractive dividend yields. Capital market analysts estimate that the net profit of mining companies will still be quite solid thanks to the efficient utilization of new technology in the mineral extraction process. For novice investors, buying stocks when commodity prices are in the support area can be a golden opportunity to get a relatively cheaper but potential purchase price.

It is important to pay attention to global sentiments such as electricity demand from China and India, which are the largest consumers of Indonesian coal in the international market. If both countries increase their industrial activity, then demand for both low- and high-calorie coal will spike sharply in a very short period of time. Therefore, understanding global economic cycles is essential to avoid missteps in placing capital in a commodity sector that is highly dependent on external demand.

Also Read: 1 kg Silver Price in 2026: Latest Update & Trend Analysis

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

• DDTC News. February 2026 Second Period Reference Coal Price Drops to US$102.87/Ton. Accessed on February 18, 2026.