Tag: 3400 GAR
-
China: Indonesian 3700 GAR coal cargo booked at $70/t
In a confirmed deal, Indonesian 3700 kcal/kg GAR coal was sold at $70/t for Jun’22-loading vessel to China. The prices are at $2/t premium over the index price, which was $68/t on 21 May. With rising discounts offered by Russian miners, Indonesian coal procurement by Chinese traders has reduced drastically. However, the easing of lockdown…