ASIATODAY.ID, JAKARTA – Coal prices increased on Tuesday, October 29, 2024 following high demand in the global market.
The price of Newcastle coal for the November 2024 contract increased by US$0.75 to US$145.25 per ton. For the December 2024 contract, the price strengthened by US$0.4 to US$146.9 per ton, while the January 2025 contract was slightly corrected by US$0.15 to US$148.6 per ton.
On the other hand, the price of Rotterdam coal also showed an increase. For November 2024, the price increased by US$1.8 to US$121.55 per ton. The December 2024 contract increased by US$2.05 to US$122.5, and January 2025 increased by US$1.5 to US$123.65 per ton.
On the other hand, the European TTF Dutch natural gas futures contract, which is the benchmark for gas trading, actually fell 0.4% to 42.31 euros per megawatt-hour (MWh).
Several media outlets in India reported that the country’s Ministry of Coal and Ministry of Energy have reviewed coal supply data and electricity demand projections ahead of the winter season. Although power outages are rare during winter in most parts of India, there is still an increase in energy demand.
Both ministries are focused on ensuring sufficient coal supplies to support power plant operations and avoid potential power disruptions that could affect communities and the industrial sector. (AT Network)
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