Indonesian futures trade at softer levels

摘要

The ICI 4 derivates market softened in response to muted Chinese demand for physical low-calorific value (CV) coal as more domestic mines ramped up production after the prolonged lunar new year break. ICI derivatives for third- and fourth-quarter 2020 traded flat with one another at $34.40/t, down from the Argus third-quarter assessment at $34.95/t yesterday. The futures cleared the CME at 4,000t/month over the two quarters and were brokered by Evolution Markets. Both quarters were subsequently bid at $34.15/t and offered at $34.65/t.