The price rally in Indonesian coal prices seems to have taken a halt as the index for higher grade 5000 GAR coal dropped by $4.1/t and is now assessed at $72.4/t. The popular grade 4200 GAR coal has also fallen by $3/t and is assessed at $46.7/t, FoB. Reduced inquiries from China due to upcoming Lunar New Year Holidays is key reason for the drop in Indo coal prices this week.
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