Indonesia sets April coal benchmark price at $65.77/T
The Indonesian government set its coal benchmark price (HBA) for April at $65.77 per tonne, down from $67.08 per tonne last month, Energy and Mineral Resources Ministry said in a statement on Monday.
* The benchmark price COAL-HBA-ID dropped from a month earlier due to lower electricity consumption in importing countries, as the global coronavirus outbreak disrupts economic activity, the ministry said in the statement.
* The HBA is a monthly average of the Argus-Indonesia Coal Index (ICI-1), the Platts Kalimantan 5,900 assessment, the Newcastle Export Index and the globalCOAL Newcastle index from the previous month
Source: Reuters (Reporting by Wilda Asmarini Writing by Fransiska Nangoy Editing by Vinay Dwivedi)