Tag: 4200 GAR
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Indonesian thermal coal price surges by 33% in April, demand from India retreats
There seems to be no halt in the rally of Indonesian thermal coal prices since past five weeks as ICI4 index’s 4200 GAR prices have touched the highs of $52.2/t on FoB basis, up against $39.2/t, a month back. Amid ban on Australian coal and domestic coal shortage, Chinese buyers are booking Indonesian coal in…