Declining coal prices have further incentivized imported coal procurement. Prices of RB2 (5500 NAR), South African coal and 4200 GAR Indonesian coal dropped 50% and 27% y-o-y respectively and were assessed at $105.35 FOB Richards Bay and $63.3/t FOB Kalimantan in CY’23. This declining trend encouraged end-users to increase their purchases of imported coal, shaping Bangladesh’s coal import landscape.
