Not entirely sure what this means for Australian coal
Spotted
in the Jakarta Post:
The Indonesian coal price reference (HBA) has continued to
decline this month due to shrinking market demand to US$81.86 per ton,
or a month-to-month (mtm) decrease of 7.86 percent.
Energy and Mineral Resources (ESDM) Ministry spokesperson Agung
Pribadi said that East and West Asian countries, especially China and
India, were currently limiting their Indonesian coal imports.
“China and India have started to reduce their coal imports from
Indonesia. The countries launched a protection policy and have increased
domestic coal production to fulfill [local] demands,” Agung said in a
statement on Tuesday.
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