Indonesia’s benchmark coal price known as Harga Batubara Acuan (HBA) has risen by $48/t and 18% m-o-m to $323.9/t for Jun’22 after falling sharply last month. The rise in prices came amid strong procurement demand from India due to domestic supply crunch. Expectation of rising inquiries from China with gradual easing of lockdown restrictions also pushed up prices. The benchmark price remains 223% higher y-o-y.
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