Indonesian mid-CV thermal coal prices drop $5/t amid weak Chinese demand

After remaining stable over the last few months, Indonesian mid-CV 5000 GAR grade coal prices fell by $5/t w-o-w amid weak inquiries from China surrounding decline in its domestic prices. High-CV Indonesian coal prices, however, rose slightly by $2/t as heavy rainfall activity in the country raised supply concerns amid Europe’s strong demand ahead of the approaching deadline of Russian sanctions.


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