Indonesian thermal coal price for 4200 GAR rises by $3.5/t w-o-w

Continuing its rising trend, Indonesian ICI4 index for 4200 GAR has moved up to $50.3/t FoB basis against $47.7/t a week back and $36.8/t a month back. Factors driving up the Indonesian coal prices since past few weeks: Supply tightness caused by mine safety checks in China, strong demand from China due to lower than expected rains reducing hydropower availability, datong-Qinhuangdao railway maintenance, closure of inner-Mongolia borders amid rising COVID cases