Tag: Indonesian Coal
-
Indonesian coal index corrects by $90/t in 3 weeks on Chinese demand slowdown
The Indonesian Coal Index (ICI), that had been rallying since Jun’21, started showing a downtrend from October-end. In the last three weeks, it has corrected by $28-90/t across grades. This fall came against the backdrop of the Chinese government’s intervention to stablise domestic prices and increase coal supplies in the country, which ultimately led to…