Pretty much as predicted, Indonesian coal reference price for July 2012 dropped further by 9.5% to US$87.56 per ton. This is the lowest price in two years. Bear in mind that the price is a benchmark for coal quality 6,322 Kcal/Kg GAR with total moisture of 8% (ARB), total sulphur of 0.8%, ash content of 15%, and delivery FOB vessel.
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