Bids, offers for low-CV Indonesian coal edge higher

摘要

There were further signs that the low-calorific value (CV) Indonesian market may be starting to edge higher, with sellers raising their offer prices amid an increase in buyers' enquiries. The emergence of a relatively large Chinese utility for low- to mid-CV coal may have also encouraged some sellers to raise their offer prices. A number of Indonesian producers are focusing on increasing sales to the domestic market to take advantage of a price premium following the recent drop in seaborne prices. Chinese state-controlled utility Huaneng has issued a tender to buy 590,000t of imported thermal coal for delivery to its coastal power plants in October, which is normally the shoulder season for power demand.