Indonesia Slashes Power-Station Coal Benchmark Price

Bloomberg reported that Indonesia dropped the price of benchmark power-station coal price to an 18-month low.

As quoted in the market news:

Coal with a gross heating value of 6,322 kilocalories per kilogram cost $102.12 a metric ton on a free-on-board basis in May, down 3.3 percent from $105.61 in April, the Directorate General of Coal and Minerals at the ministry said today.

Click here to read the full Bloomberg report.