Coal Prices Show Renewed Strength as Demand Increases

The resurgence in demand for coal on the global market over the past two months has been the primary driver behind this upward trend.

Lili Sunardi

24 Apr 2024 - 16.41
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Coal Prices Show Renewed Strength as Demand Increases

coal mine

Bisnis, JAKARTA – Coal prices are on the rise again after experiencing a significant decline in March 2024. The resurgence in demand for coal on the global market over the past two months has been the primary driver behind this upward trend.

Coal prices are on the rise again after experiencing a significant decline in March 2024. The resurgence in demand for coal on the global market over the past two months has been the primary driver behind this upward trend.

The government has established a reference coal price for the April 2024 period, which is set at US$121.13 per ton, based on a calorific value equivalent of 6,322 kcal/kg GAR, with total moisture at 12.26%, total sulfur at 0.66%, and ash at 7.94%.

This price marks a significant increase compared to the previous month’s price of US$109.77 per ton. However, the reference coal price for April 2024 remains substantially lower than the price recorded in the same month of the previous year, which stood at US$265.26 per ton.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.