Author: Damini Sahu
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Indonesia resets thermal coal benchmarks for Dec’25, prices reflect mixed market trends
High-CV coal prices drop 4% on soft demand Lower grades edge higher on cost-led buying The Indonesian Ministry of Energy and Mineral Resources (ESDM) has released its revised Harga Batubara Acuan (HBA) for the first half of December 2025, reflecting a varied trend across thermal coal grades. The update underscores fluctuating sentiment in the global…