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Indonesia has lowered its monthly coal benchmark price to $319 per tonne for July, as demand shifts to Russian discounted coal, its energy ministry said on Friday.
The benchmark price hit a record high at $323.91 in June, but dropped in July as China and India shift their demand to Russia and India's increased domestic output, ministry spokesperson Agung Pribadi said a statement.
(Reporting by Bernadette Christina; Editing by Martin Petty)
Reuters