Tag: Power Demand

Indonesian coal prices surged to record-levels as the mid-to-high CV grades rose by $10-16/tonne (t) amid China’s robust downstream demand, wherein the National Development and Reform Commission (NDRC) urged power utilities to cover 100% of their coal consumption via long-term contracts. The announcement lifted spot prices in China to up above RMB 1,500/t ($232/t) while…