Tag: Supply crunch

China is stepping up purchases for seaborne thermal coal to ease domestic supply shortage, which has incurred a widespread power crunch across the country, supporting seaborne coal prices to linger at high levels. Cargoes of Indonesian 3,800 Kcal/kg NAR thermal coal were offered at $110-115 yuan/t FOB, while offers for 4,200 Kcal/kg, 4,700 Kcal/kg, 5,200…