Indonesia sets April coal benchmark price (HBA) at 20-month low
Indonesian government has set the coal benchmark price (HBA) for April at $88.85 per tonne, energy ministry document released showed.
* The April’s price is lower compared to March’s $90.57 per tonne and marked an eighth monthly drop.
* It is the lowest price since August 2017, according to Eikon Refinitiv data.
* 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 Rashmi Aich)