Coal Fear & Greed Index

Energy & Mining ESDM has announced its intention to procure an additional 20 million tons of coal to support PLN PLTU operations, as the coal price for the second period of June reached $123.91 per ton.

This move comes at a time when market sentiment is marked by extreme greed, reflected in an adjusted sentiment score of 96, indicating strong bullish momentum among investors in the energy sector. The heightened demand for coal is underscored by a coverage trend of 11, suggesting increasing media attention and market interest in coal supply dynamics.

Notably, the recent rate of change in coal prices shows a modest increase of 6.33%, reinforcing the trend of rising prices amidst a backdrop of fluctuating energy demands.