Tag: Indonesia Coal
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Indonesian thermal coal prices under pressure amid China’s absence
Indonesian thermal coal continued to reel from China’s absence in another thinly-traded session, as its price advantage reversed against Chinese domestic cargoes. Only a 3,800 Kcal/kg NAR Panamax cargo for June delivery was heard concluded at $93/t FOB, sold by a large coal mine based in Kalimantan. The miner often gives offers $1-2/t higher than…