Indonesia’s benchmark coal price, also known as HBA price (Harga Batubara Acuan), has been fixed at $150/t for Sept’21, up 15% on a monthly basis. The benchmark price has been trading at a decadal high since the last few months amid constrained coal supply in the country due to heavy rains and mounting Covid-19 cases. There exists robust demand from China, South Korea, and even the EU for imported thermal coal due to unusually hot weather conditions in the last few months.
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