Indonesia set its coal benchmark price higher in June at $100.33 per tonne, the country’s energy and minerals ministry said in a statement on Wednesday, driven by strong demand from China.
This is $10.59, or 11.8%, more than May’s benchmark price for coal and the highest since October 2018, when it stood at $100.89, Refinitiv data showed .
“The increase in (China’s) demand for its power plants is exceeding its domestic coal supply,” Indonesia’s energy and mineral resources ministry spokesman, Agung Pribadi said in the statement.