Coal news and updates

The future of Indonesia’s coal sector in 2021 appears to be optimistic, in view of a price increase at the opening of the year and high demand from China — an economy that is recovering amid the pandemic.

 

In a trading session on Tuesday (5 January), numerous coal shares performed well, Bloomberg data showed.

 

Shares of PT Delta Dunia Makmur Tbk strengthened 1.1 per cent, followed by that of PT TBS Energi Utama Tbk which was up 0.95 per cent, Bisnis Indonesia reported.

 

Coal’s benchmark price for January was US$75.84 per ton (S$100.60)—the highest since July 2019.

 

Source : https://www.theonlinecitizen.com