Author: Damini Sahu
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Indonesia’s thermal coal benchmarks strengthen on supply constraints, export uncertainty
Restricted availability boosts high-CV coal prices Firm utility demand supports mid- and low-CV prices Indonesia’s Harga Batubara Acuan (HBA) thermal coal benchmarks recorded a broad-based increase across all calorific value (CV) categories during the first half of July 2026. The price appreciation was primarily driven by tightening spot availability, consistent demand from Asian power utilities,…