Indonesian rains shake up thermal coal market

摘要

Heavy rains in Indonesia have left some buyers of imported thermal coal with a tricky dilemma — wait on the sidelines for a possible price dip or bite the bullet. Heavy rainfall in the past few days in parts of Indonesia’s main Kalimantan coal-producing region has caused fooding at several mines, creating the potential for supply tightness and further price gains. The downpour could well be a precursor to the upcoming monsoon season in the southeast Asian nation that could keep availability tight.