Indian thermal coal buying to pick up next week after Lunar New Year

摘要

Activity in the Indian imported thermal coalmarket was subdued Friday as Indonesia and Singapore wereclosed for the Lunar New Year holidays. However, buyingactivity was likely to pick up next week, sources said, withIndian buyers expecting prices to fall.A Chennai-based trader said that he was looking to buy aSupramax cargo of 4,500 kcal/kg GAR Indonesian coal forFebruary, but he could not get offers from Indonesia due tothe Friday holiday.