Author: Aditya Sinha
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Indonesian producers sell coal at prices below production cost
A certain section of Indonesian coal miners have begun selling coal at prices lower than production costs amid declining global demand for the commodity triggered by the ongoing pandemic. Bob Kamandanu, Chairman of commodities trader PT Trafigura stated in a recent webinar that Indonesian coal, with calorific value of 4,200 kcal/kg GAR, was traded at…