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Indonesia cuts thermal coal price to the lowest in 16 months 05-Apr-2012

Indonesia, the world’s largest exporter of power station coal, cut the benchmark price for April sales to the lowest in 16 months.

According to data released by the energy ministry, coal with a gross heating value of 6,322 kilo calories per kilogram cost USD 105.61 a tonne on a free on board basis, down about 6.4% from USD 112.87 a tonne in March. It was the lowest price since December 2010, according to the ministry’s data.

Source: Bloomberg, 5 April 2012

 


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