Indonesia June coal benchmark price up 11.8%; highest in over two years

June 3, 2021, 4:01 pm | Admin

Indonesia set its coal benchmark price higher in June at $100.33 per tonne, the country's energy and minerals ministry said in a statement on Wednesday, driven by strong demand from China.

This is $10.59, or 11.8%, more than May's benchmark price for coal and the highest since October 2018, when it stood at $100.89, Refinitiv data showed .

"The increase in (China's) demand for its power plants is exceeding its domestic coal supply," Indonesia's energy and mineral resources ministry spokesman, Agung Pribadi said in the statement.

Last modified on June 3, 2021, 4:02 pm | 4420