Indonesian thermal coal deals thin as miners stick to offers

摘要

Very few deals were being reported in the Indonesian thermal coal market as suppliers were unwilling to lower their offer prices, sources said Monday, even as India remained largely inactive due to a public holiday. “Prices are under pressure,” said an Indian end-user. Even the lower grade prices continue to face downward pressure, as miners find it difficult to lower prices since they are already close to production costs, sources said.