Tag: ESDM
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Indonesia: Mid-September HBA reflects mixed trends in thermal coal prices
High-, mid-CV coal prices decline amid loose supply Low-CV coal gains modestly, suggesting steady demand The Indonesian Ministry of Energy and Mineral Resources (ESDM) has published the updated Harga Batubara Acuan (HBA), the benchmark thermal coal price index, for the second half of September 2025. The latest update indicates a downtrend in higher calorific value…