Indonesia’s currency and equities markets are riding high on a global energy crunch as the resource-rich country enjoys record coal prices and surging demand from power-hungry China.
The country’s coal benchmark price has soared to $150 per tonne, up from about $90 per tonne at the beginning of June, bolstering its mining groups as China ramped up coal purchases to relieve an energy crisis that has forced it to resort to power rationing.
South-east Asia’s biggest economy is now China’s biggest overseas supplier of coal, with imports hitting a record of more than 21m tonnes in September, up from 17m in August. China, which banned Australian coal last year, agreed to buy $1.5bn of thermal coal from Indonesia in 2021.
您已閱讀15%（722字），剩余85%（4227字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務。