Indonesian Monthly Thermal Coal Benchmark Price Surges
Thermal CoalLEC Group

Indonesian Monthly Thermal Coal Benchmark Price Surges

Reuters reported that Indonesia has set its monthly coal benchmark price HBA higher in June at USD 100.33 per tonne, USD 10.59 or 11.8%, more than

Reuters reported that Indonesia has set its monthly coal benchmark price HBA higher in June at USD 100.33 per tonne, USD 10.59 or 11.8%, more than May's benchmark price for coal and the highest since October 2018, when it stood at USD 100.89

Indonesia’s Energy & Minerals Ministry spokesman Mr Agung Pribadi said "The increase in China's demand for its power plants is exceeding its domestic coal supply. The demand surge in China was due to a combination of ongoing industrial recovery' and limited domestic production during the rainy season in that country. “The rising power demand in China is exceeding the capacity of its domestic coal production.”

Related Stories

No stories found.
SteelGuru Business News
www.steelguru.com