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2020-09-03 12:15:00

INDONESIA'S COAL PRICES DOWN ANEW

INDONESIA'S COAL PRICES DOWN ANEW

PLATTS - 03 Sep 2020 - Indonesia's Ministry of Energy and Mineral Resources set its September thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $49.42/mt, down 1.8% on the month and down 24.9% on the year.

"China's coal imports slumped 20% during the coronavirus pandemic, Indian seaborne demand remained tepid after the lockdown and both countries have sufficient stockpiles," according to a ministry spokesman.

The ministry had set the price for August at $50.34/mt, and for September 2019 at $65.79/mt.

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Earlier:

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