Indonesia sets coal benchmark price at highest in a decade

Reuters
July 4, 2021

Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. Picture taken August 31, 2019. REUTERS/Willy Kurniawan

JAKARTA, July 5 (Reuters) - Indonesia set its coal benchmark price higher in July at $115.35 per tonne, an official document published by its energy and minerals ministry showed on Monday.

The price is 14.97% higher than June's benchmark price and the highest since the $117.6 per tonne in May 2011, Refinitiv data showed.

The document did not show what accounted for the price jump. An energy ministry spokesman told Reuters that a statement will be issued later on Monday.

Reporting by Bernadete Christina Munthe and Fathin Ungku; Editing by Martin Petty