Business News

Indonesian coal prices
Based on data from the Ministry of Energy and Mineral Resources , Indonesia's benchmark coal price has strengthened, and has reached the level of US $ 87.79 per ton in February 2021. This is up 15.76% from the previous month's value of US $ 75.84 per ton.

The price this month is the highest since May 2019. Indonesia's benchmark coal price has continued to improve after experiencing pressure for almost the entire year due to the Covid-19 pandemic.

IHS Markit (international consultant) estimates a ban on stone imports coal from Australia by the Government of China will continue into the year this is so Indonesian coal have great opportunities for increasingly dominating the Chinese market.

Meanwhile, IHS Markit projects the demand for thermal coal China is likely inclined flat from last year, namely on the level of 209.5 million tonnes by 2021.