In a confirmed deal, Indonesian 3400 GAR grade coal has been traded at $81/t CIF India (west coast) for mid-Oct’21 arrival in a supramax vessel. Low-CV Indonesian coals are being traded at a premium of $6-7/t above the index price amid supply constraints in Indonesia and surge in China demand. The supramax vessel freight between Indonesia to India (west coast) is assessed at $28/t.
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