Global aluminum producers seek Q1 Japan premiums of $230-$260, sources say
For the October-December quarter, Japanese buyers agreed to pay a premium of $175 per ton, up 1.7% from the prior quarter.
JAKARTA, March 4 (Reuters) –
* The Indonesian government has set the coal benchmark price (HBA) for March at $90.57 per tonne, marking a seventh consecutive month of price fall, Muhamad Hendrasto, director of coal at the energy ministry, told reporters on Monday.
* February’s benchmark price, which the government uses to calculate a miner’s royalties, was $91.80 per tonne.
* Hendrasto said the decline in March benchmark was due to low demand in China.
* The HBA is a monthly average of the Argus-Indonesia Coal Index (ICI-1), the Platts Kalimantan 5,900 assessment, the Newcastle Export Index and the globalCOAL Newcastle index from the previous month.
(Reporting by Wilda Asmarini Writing by Gayatri Suroyo Editing by Subhranshu Sahu)
